[ad_1]
© Reuters
Investing.com – hit a two-year high on Monday as an influx of money into exchange-traded funds linked to the world’s best-known cryptocurrency pushed prices above $65,000 and closer to new records.
As of 04:25 ET (09:25 GMT), the token was up 5.7% at $65,015.60. In earlier trading in Asia, Bitcoin had risen to $64,285, its highest since 2021. So far this year, the digital asset has gained more than 50% in market value.
Crypto-exposed stocks that have benefited from the recent Bitcoin rally rose in premarket trading on Wall Street. Top US Crypto Exchange Coinbase Global (NASDAQ:) as well as the crypto miners Marathon Digital (NASDAQ:), Riot Platforms (NASDAQ:) and CleanSpark (NASDAQ:), all rose before the opening bell in New York.
Bitcoin’s stellar performance in 2024 was fueled in part by the recent US approval of ETFs that directly track the price of the cryptocurrency. The approvals have led to a sharp increase in institutional capital in the token.
, a key competitor to Bitcoin, has been buoyed by hopes that there could soon be ETFs that follow its price. On Monday it was up 3.9% at $3,520.90, near the two-year high hit last week.
[ad_2]
Source link
