Posted 2/27/2024, 10:51:13 PM
Bitcoin Nears All-Time High Above $57K on New ETFs and Renewed Enthusiasm
- Bitcoin surged above $57,000 on Tuesday, putting it close to its all-time high of $68,789
- The price rise is attributed to recent bitcoin ETF launches and renewed enthusiasm after the 2022 crash
- Analysts predict bitcoin could reach $125,000 by end of 2025 amid the broader crypto market rebound
- Trading activity has surged, benefitting crypto exchanges like Coinbase and Robinhood
- Derivatives traders are also piling into bitcoin futures, with open contracts hitting new highs