Category: Forex News

Bitcoin Goes Parabolic As Massive Inflows In ETFs Push It Beyond $60,000

The top crypto has reached levels not seen since November 2021, jumping 6.5% in the past 24 hours.

Driven by significant inflows in spot Bitcoin Exchange-Traded Funds (ETFs), the crypto market is enjoying a widespread price rally.

For the first time since November 2021, Bitcoin trades for $60,600, notching a 6.5% price increase on the day. Notably, its market capitalization has added $800 billion since Jan. 01, soaring $1.2 trillion, making it the tenth largest asset on earth.

Bitcoin Price – Coingecko

Not just Bitcoin is trending up.