© Reuters. FILE PHOTO: In this illustration taken on October 24, 2023, physical representations of the cryptocurrency bitcoin are seen. REUTERS/Dado Ruvic/Illustration/File Photo
LONDON (Reuters) – rose for a fifth day on Wednesday to near $60,000, boosted by flows into new U.S. spot bitcoin exchange-traded products that boosted it 39.7% in February, marking its biggest monthly rebound since December 2020.
Bitcoin was last up 4.4% at $59,259, its highest level since December 2021, while ether was up 2.2% at $3,320, having hit another two-year high.
Traders have invested in bitcoin ahead of the April halving event, a process designed to slow the release of bitcoin.
