Bitcoin Pushes Through $60K for First Time Since November 2021
Summary
Bitcoin's price rose above $60,000 for the first time since November 2021 during morning U.S. trading hours on Wednesday. This increase was driven by large inflows into U.S.-based spot ETFs, which added over 12,000 bitcoin on Tuesday and about 10,000 on Monday. At the time of reporting, bitcoin was trading at $60,200, a 6% increase over the past 24 hours. The broader CoinDesk was up about 3% over the same period. With the $60,000 level surpassed, the next target could be bitcoin's all-time high of $69,045 set on November 10, 2021. The "fear and greed" index is currently at 87, indicating "extreme greed".
