Bitcoin is aiming for a rise of $60,000 in its biggest monthly rally since late 2020. From Reuters


© Reuters. FILE PHOTO: Physical representations of the Bitcoin cryptocurrency can be seen in this illustration dated October 24, 2023. REUTERS/Dado Ruvic/Illustration/Archive photo

LONDON (Reuters) – The price rose for a fifth day on Wednesday to nearly $60,000, buoyed by inflows into new U.S. spot bitcoin exchange-traded products that sent it up 39.7% in February, the would represent the biggest monthly rally since December 2020.

Bitcoin was last up 4.4% at $59,259, its highest since December 2021, while Ether rose 2.2% to $3,320, hitting another two-year high.

Ahead of April’s halving, traders flooded into Bitcoin – a process intended to slow Bitcoin’s release.


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