Bitcoin continued its surge on Wednesday, taking pictures above $60,000 for the primary time since November 2021.
The value of the flagship cryptocurrency was final greater by 6% at $60,391.10, in response to Coin Metrics. Earlier, it rose as excessive as $60,734.42. It is sitting just under its all-time excessive of $68,982.20.
Bitcoin, 5 years
Traders expect it to set a brand new report after the launch of ETFs and with the community’s upcoming halving occasion, which traditionally has set the stage for a serious rally within the months that observe.
Bitcoin has soared greater than 18% this week alone, after a week-long pause of this yr’s rally. It is now up greater than 40% for 2024.
