Bitcoin rises to $70,206 By Reuters


(Reuters) – rose to $70,206 at 20:03 GMT on Monday, adding $3,931 to its previous close.

The world's largest and most well-known cryptocurrency is up 82.3% from the year's low of $38,505 on January 23.

Ether, the currency linked to the ethereum blockchain network, rose 13.3% on Monday to $3,500.

The approval and launch of spot bitcoin exchange-traded funds in the US this year opened the asset class to new investors and reignited enthusiasm that evaporated when prices collapsed in the “crypto winter” of 2022.



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