Bitcoin Nears Record High as Market Value Tops $1.35 Trillion on New ETF Demand
• Bitcoin's market value reached $1.35 trillion, surpassing previous record of $1.28 trillion in November 2021 • Bitcoin's price neared its all-time high of around $69,000 • Demand from new US Bitcoin ETFs and looming supply reduction have fueled recent price gains • Speculative activity has returned more broadly to crypto markets • Extended investor positioning suggests market could be vulnerable to reversal if ETF demand moderates