© Reuters
Investing.com hit a two-year high on Monday, as an influx of cash into exchange-traded funds linked to the world's most recognizable cryptocurrency pushed it above $65,000 and closer to new record levels.
As of 04:25 ET (09:25 GMT), the token was up 5.7% to $65,015.60. In earlier trading in Asia, Bitcoin had jumped to $64,285, its highest level since 2021. So far this year, the digital asset has gained more than 50% in market value.
Cryptocurrency-exposed stocks, which have benefited from Bitcoin's recent rally, rose in premarket trading on Wall Street. Top US Crypto Exchange Coinbase Global (NASDAQ:), as well as crypto miners Marathon Digital (NASDAQ:), Riot Platforms (NASDAQ:), and clean spark (NASDAQ:), all gained before the opening bell in New York.
Bitcoin's stellar performance in 2024 has been fueled in part by the recent approval in the United States of ETFs that directly track the price of the cryptocurrency. The approvals have sparked a strong rally in institutional capital in the token.
, a key Bitcoin pair, has been boosted by hopes that it may soon have ETFs tracking its price as well. It had risen 3.9% to $3,520.90 on Monday, hovering around two-year highs reached last week.
