Bitcoin Breaks From Recent Range to Set More Than Two-Year High
- MicroStrategy purchased 3,000 Bitcoin for $155.4 million
- Perpetual futures open interest is rising, Cumberland says
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Bitcoin rose to the highest in more than two years, climbing above $54,000, amid growing optimism that persistent investor demand through exchange-traded funds will drive the price of the largest cryptocurrency back to record levels.
“Bitcoin continues its ascent, supported by strong ETF inflows,” said Spencer Hallarn, global head of over-the-counter trading at crypto investment firm GSR.