The price of bitcoin (BTC) rose above $60,000 during morning U.S. trading hours on Wednesday, it's first time above that level since the peak of the last bull market in November 2021.

This week's rally has coincided with huge inflows into the U.S.-based spot ETFs, with the new funds adding more than another 12,000 bitcoin on Tuesday after adding about 10,000 on Monday. Bitcoin has been on a ferocious rally for months, but that has picked up this week. Just a few days ago, its price was below $51,000.

With the $60,000 level out of the way, bitcoin bulls might have their sights on the crypto's all-time high of $69,045 set on Nov. 10, 2021, according to Coingecko.

Masum Billah

Masum Billah has not set his job title yet

View Articles

Masum Billah has not set his job title yet.