Bitcoin’s record high of $68,999 was set in November 2021.
The flagship cryptocurrency is currently trading at $65,527.
As Reuters points out, Bitcoin has doubled this year alone, with most of the gains coming in the past few weeks thanks to rising ETF trading volumes.
ETF (Exchange Traded Fund) is a fund whose manager (ETF provider) collects company shares in one portfolio according to certain characteristics and sells them on the exchange. cryptocurrencies in the US that have recently been officially approved.
“Investors feel a lot of confidence that the price will be higher,” said Markus Thielen, head of crypto analytics at 10x Research in Singapore.
Smaller rival Ethereum is also up 50% at the start of 2024, trading at $3,490 as of Monday morning, just shy of the two-year high it hit last week.
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