Bitcoin continued its surge on Wednesday, shooting above $60,000 for the first time since November 2021.
The price of the flagship cryptocurrency was last higher by 6% at $60,391.10, according to Coin Metrics. Earlier, it rose as high as $60,734.42. It’s sitting just below its all-time high of $68,982.20.
Bitcoin, 5 years
Investors are expecting it to set a new record after the launch of ETFs and with the network’s upcoming halving event, which historically has set the stage for a major rally in the months that follow.
Bitcoin has soared more than 18% this week alone, after a week-long pause of this year’s rally. It’s now up more than 40% for 2024.
