Bitcoin Pushes Through $60K for First Time Since November 2021
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 November 2021.
This week’s rally appears to have been driven by 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.
At press time, bitcoin was trading at $60,200 up about 6% over the past 24 hours. The broader CoinDesk was ahead about 3% over the same time period.
With the $60,000 level out of the way, bitcoin bulls might have their next sight on the crypto’s all time high of $69,045 set Nov. 10, 2021.
Related Posts
![Bitfinex-launches-peer-to-peer-trading-platform-in-argentina,-colombia-and-venezuela](https://www.lastcryptocurrency.com/wp-content/uploads/2023/06/177575-bitfinex-launches-peer-to-peer-trading-platform-in-argentina-colombia-and-venezuela.jpg)
![Sol,-avax-lead-crypto-market-recovery,-bitcoin-tops-50-day-average-before-fed-meeting](https://www.lastcryptocurrency.com/wp-content/uploads/2024/01/205246-sol-avax-lead-crypto-market-recovery-bitcoin-tops-50-day-average-before-fed-meeting.jpg)
SOL, AVAX Lead Crypto-Market Recovery, Bitcoin Tops 50-Day Average Before Fed Meeting
Altcoins are outperforming bitcoin and ether, a sign investor interest is broadening beyond the largest cryptocurrencies.The Fed is likely to keep rates unchanged on Wednesday. Potential dovish hints could bode well for bitcoin, one observer said.The total crypto market capitalization has bounced to $1.74 trillion from $1.61 trillion in a week, with alternative cryptocurrencies (altcoins)
![$100 Million Short: QuadrigaCX Audit Can’t Account For 26K Missing Bitcoin](https://www.lastcryptocurrency.com/wp-content/uploads/2019/03/15727/100-million-short-quadrigacx-audit-cant-account-for-26k-missing-bitcoin.jpg)
$100 Million Short: QuadrigaCX Audit Can’t Account for 26K Missing Bitcoin
news Ernst and Young (EY), the court-appointed monitor for QuadrigaCX, has finally provided blockchain addresses for the ailing crypto exchange’s cold, or offline, bitcoin wallets. And aside from $400,000 worth of bitcoin that was accidentally sent to the cold wallets in early February, they are empty, meaning $100 million of the cryptocurrency is still missing. EY…
![Snoop-dogg-drops-new-nfts-that-evolve-with-his-tour](https://www.lastcryptocurrency.com/wp-content/uploads/2023/06/175578-snoop-dogg-drops-new-nfts-that-evolve-with-his-tour.jpg)
Snoop Dogg Drops New NFTs That Evolve With His Tour
Rapper and entrepreneur Snoop Dogg has launched a new non-fungible token (NFT) collectible series that will evolve in utility as he goes on tour this summer.According to the website, the Snoop Dogg Passport Series is akin to a "tour poster that evolves with each place Snoop stops on tour." The NFT will grant holders access…
![Crypto Startups Barred From Indian Central Bank Fintech Sandbox](https://www.lastcryptocurrency.com/wp-content/uploads/2019/04/19167/crypto-startups-barred-from-indian-central-bank-fintech-sandbox.jpg)
Crypto Startups Barred from Indian Central Bank Fintech Sandbox
news India’s central bank is setting up a fintech sandbox that may include blockchain startups and tools – but notably, explicitly excludes any cryptocurrency-related projects. The Reserve Bank of India (RBI) published its draft framework for a regulatory sandbox on Thursday, a move that comes nearly three years after it first formed a working group to look…
![Hacked Crypto Exchange Zaif Resuming Full Services Under New Owner](https://www.lastcryptocurrency.com/wp-content/uploads/2019/04/19390/hacked-crypto-exchange-zaif-resuming-full-services-under-new-owner.jpg)
Hacked Crypto Exchange Zaif Resuming Full Services Under New Owner
news Japanese cryptocurrency exchange Zaif, which was hacked for about $60 million last year, is under new management. The exchange announced on its corporate website on Friday that, as of Monday, April 22, the firm will have signed over its business to publicly listed Japanese investment firm Fisco and full operations will be reinstated Tuesday.…
![WATCH: Metal Pay CEO Says He Isn’t A Bitcoin Maximalist](https://www.lastcryptocurrency.com/wp-content/uploads/2019/07/27962/watch-metal-pay-ceo-says-he-isnt-a-bitcoin-maximalist.png)
WATCH: Metal Pay CEO Says He Isn’t a Bitcoin Maximalist
news Is bitcoin a currency or commodity? That is one of the questions Marshall Hayner, CEO of Metal Pay, reflected on during an interview with Leigh Cuen of CoinDesk. According to Hayner, whatever the use case, it’s likely the industry will see more regulation going forward. In fact, it’s this increased oversight that may finally…
![Cathie-wood’s-ark-invest-sells-coinbase-shares-for-first-time-in-a-month](https://www.lastcryptocurrency.com/wp-content/uploads/2024/02/206614-cathie-woods-ark-invest-sells-coinbase-shares-for-first-time-in-a-month.jpg)
Cathie Wood’s ARK Invest Sells Coinbase Shares for First Time in a Month
ARK sold $34.3 million worth of shares from three different funds, according to an emailed daily trading report.Coinbase has advanced 19% since the firm's previous sale and is due to report earnings after the market close.ARK Invest, the Cathie Wood-run investment vehicle, sold Coinbase (COIN) stock for the first time in a month on Wednesday
![Blockstream Launches Atomic Swaps On Liquid Bitcoin Sidechain](https://www.lastcryptocurrency.com/wp-content/uploads/2019/07/25243/blockstream-launches-atomic-swaps-on-liquid-bitcoin-sidechain.jpg)
Blockstream Launches Atomic Swaps on Liquid Bitcoin Sidechain
news Blockstream has created an “experimental” tool that makes it easier for users to trade “trustlessly” between tokens launched on its Liquid sidechain. Dubbed Liquid Swap Tool, the platform uses “atomic swaps,” a cryptographic technology that already serves as backbone for newer decentralized exchanges currently in development. The motivation for these types of transactions is…