(Reuters) – Bitcoin hit $40,085 on Sunday, its highest in almost a year and a half, fuelled by bets that U.S. regulators will soon approve stock-market traded bitcoin funds. Bitcoin was up 1.55% at 2234 GMT, adding $611 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 51.1% from the year’s low of $26,533 on Oct. 11. Bitcoin has more than doubled in price so far this year, recovering to its levels prior to the May 2022 meltdown of the so-called stablecoin terraUSD and its sister token. Their downfall caused havoc in crypto markets and sparked the bankrupt…

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