First Mover Americas: Bitcoin Surpasses $71K, Reaches All-Time High
Summary
Bitcoin reached a new high of over $71,000, driven by the approval of spot bitcoin exchange-traded funds in the U.S. Ether also surpassed $4,000. The CoinDesk 20 index rose nearly 1%, and the three-month futures premium on major exchanges exceeded 25%. In South Korea, crypto trading volumes surpassed those of the local stock market. Indian platform Mudrex plans to offer U.S. spot bitcoin ETFs to institutional and retail investors in India, listing four spot ETFs in the first phase.
