Bitcoin Hits New High of $65,000 as Demand Soars from US Bitcoin ETFs
  • 2 months ago
Bitcoin rose above $65,000 briefly on Friday before trimming back to $64,917, as demand from US-listed Bitcoin ETFs continues. Net inflows of $7.35 billion have been invested in Bitcoin ETFs since their debut in January, driving prices up 186% in the last 12 months. Traders are betting on Bitcoin crossing its all-time high of almost $69,000 set in 2021, given strong ETF demand and the upcoming Bitcoin halving event. Other cryptocurrencies like Cardano and Solana also rose, up 8% and 1%, respectively. Meme coins Dogecoin and Shiba Inu surged over 20% and 34% on Bitcoin's rally and retail trader interest in volatile tokens.
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