Posted 3/4/2024, 2:44:00 AM
Bitcoin Nears All-Time High Above $64K on New ETF Demand
- Bitcoin rose above $64,000 for the first time since November 2021, nearing its all-time high price
- The price surge is attributed to strong demand for new US Bitcoin ETFs that began trading January 11
- Over $7 billion has flowed into the new Bitcoin ETFs offered by BlackRock, Fidelity, and others
- Traders expect Bitcoin to soon top its record price of nearly $69,000 ahead of an expected "halving" event
- Other cryptocurrencies like Ether and Solana also saw gains, rising 0.15% and 1.82% respectively