Bitcoin Tops $67,000 on ETF-Led Demand Even With GBTC Outflows
- Largest crypto passes $67,000 for first time since Nov. 2021
- ETFs drive rally on concern of missing out ahead of halving
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Few obstacles seem to be in the way of Bitcoin’s current rally. The largest cryptocurrency rose for the second straight day and marched closer to its all-time high, driven by expectations of exchange-traded funds’ robust demand at the week’s start.
The most liquid token rose as much as 6.7% to $67,069 - its first move above $67,000 since November 2021. The token has surged around 60% so far this year, outpacing traditional asset classes such as stocks by a wide margin.