Bitcoin approaches new all-time high after surpassing $65,000

The price of bitcoin soared past $65,000 Monday, putting it within striking distance of its all-time high reached in November 2021.

The price of bitcoin soared past $65,000 Monday, putting it within striking distance of its all-time high reached in November 2021.

The cryptocurrency has gained 48% in 2024 and is approaching the intra-day all-time high of more than $68,000

The latest rally is being fueled by hopes that the launch of bitcoin exchange-traded funds, or ETFs, will expand the pool of bitcoin buyers.

These ETFs were approved in January by the Securities and Exchange Commission as a means of making it easier for investors to gain exposure to the price movements of bitcoin as part of a diversified portfolio without having to go through the sometimes onerous process of owning the digital coins themselves.

The ETFs have collectively already seen billions of dollars of investments.

https://www.nbcnews.com/business/markets/bitcoin-approaches-new-high-how-much-and-why-rcna141617

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