Posted 3/5/2024, 9:17:06 PM
Bitcoin Hits New High Over $69K, Driven by Investor Interest in Spot Crypto ETFs
- Bitcoin hit a new all-time high price over $69K early Tuesday before dropping back down
- The price spike was fueled by investors pouring money into US spot crypto ETFs
- Investor interest increased since the SEC approved 11 spot bitcoin ETFs in January
- Lee says investors need to pay attention to bitcoin as it likely will continue gaining market share
- Flows into the 10 largest US spot bitcoin funds reached $2.17 billion last week
