Guess what, crypto enthusiasts? Bitcoin (BTC) just made headlines again by soaring past the $60,000 mark for the first time since November 2021 during Wednesday morning’s U.S. trading hours. This impressive rally has brought a wave of excitement and optimism to the digital currency world.
The recent surge in Bitcoin’s value is largely attributed to significant inflows into U.S.-based spot ETFs. These new funds have added a whopping more than 12,000 bitcoin on Tuesday alone, following about 10,000 added on Monday. As of now, Bitcoin is trading at a cool $60,800, marking a 6% increase over the past 24 hours, outpacing the broader CoinDesk’s 3% gain in the same timeframe.
With the $60,000 milestone now in the rearview mirror, Bitcoin bulls are setting their sights even higher, aiming for the crypto’s all-time high of $69,045 set back on November 10, 2021. And with the “fear and greed” index reading now at 87, signaling ‘extreme greed,’ it’s clear that the sentiment around Bitcoin is more bullish than ever.
