Bitcoin rally continues: Price climbs above $60k for the first time since November 2021

Bitcoin Rises Over $60K

February 28, 2024 8:25 AM EST

Bitcoin rises over $60,000 for the first time since November 2021 in early Wednesday trading.

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Crypto-linked shares jump premarket as Bitcoin clears $59,000

February 28, 2024 5:52 AM EST

Investing.com -- Shares in cryptocurrency-related companies jumped in premarket U.S. trading on Wednesday after Bitcoin surpassed the $59,000 mark, extending a rally in the digital asset into a fifth consecutive day.

By 05:22 ET (10:22 GMT), the price of Bitcoin had risen by 4.6% to $59,202.5, placing the world's most popular cryptocurrency within... More

Bitcoin hits $60,000 as rally snowballs

February 28, 2024 4:16 AM EST

By Amanda Cooper

LONDON (Reuters) -Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a surge of capital into new U.S. spot bitcoin exchange-traded products fuelled a rally that has reached 42% this month, on track for its largest monthly gain since December 2020.

Bitcoin was last up 8% at $61,272, its highest since November 2021, when it hit a record just below $70,000. It was also heading for its largest weekly gain in a year, up 18.5% since Feb. 21.

Traders have poured into bitcoin ahead of April's halving event - a process designed to slow the... More

Bernstein digital asset portfolio outperforming Bitcoin for first time

February 27, 2024 5:00 PM EST

Bernstein said Tuesday that its digital asset portfolio is outperforming Bitcoin for the first time as the crypto rally momentum continues.

According to analysts at the firm, the Bernstein Digital asset portfolio is up 94% (since the July 31, 2023 inception). Meanwhile, Bitcoin is up 77% in the same period.... More

Updated Bitcoin prices outlook for 2024

February 27, 2024 1:44 PM EST

With the price of Bitcoin on the rise once again, cryptocurrency is once again becoming a key talking point amongst investors and analyst

Bitcoin prices

After sizeable gains over the last few weeks, Bitcoin has continued to push higher this week, topping $57,000 on Tuesday. The latest move saw it reach its highest level since November 2021.

For the year-to-date, the premier cryptocurrency has risen 35%, while Tuesdays more than 4% gains (so far) add to its over 142% climb in the last 12 months.

Research firm Compass Point said in a recent note that BTC... More

Analysis - US SEC expected to drag its feet on new wave of crypto ETFs

February 27, 2024 6:07 AM EST

By Suzanne McGee and Hannah Lang

(Reuters) - Buoyed by the successful launch of U.S. bitcoin exchange-traded funds (ETFs), asset managers are lining up to list a second wave of more complex crypto products, setting the stage for another tussle with the U.S. securities regulator.

The Securities and Exchange Commission (SEC) rejected spot bitcoin ETFs for more than a decade, hoping to protect investors from market manipulation. But the SEC was forced to approve them last month after Grayscale Investments won a court challenge. A federal appeals court ruled that the SEC had not sufficiently... More

Bitcoin clears $56k as spot ETFs see sustained inflows

February 27, 2024 4:43 AM EST

Investing.com-- Bitcoin prices rose past key levels on Tuesday, boosted largely by signs of sustained capital inflows into spot exchange-traded funds which were launched earlier this year.

The worlds largest cryptocurrency jumped nearly 10% to $56,256.9 by 21:48 ET (02:48 GMT), trading at its highest level in more than two years. The token was now less than $14,000 away from a lifetime high hit during a bull run in late-2021.

World no.2 crypto Ethereum rose 3.6% to $3,217.48- its highest level since early-2022.

Gains in... More

Bitcoin scorches past $57,000 as big buyers flock in

February 26, 2024 9:35 PM EST

By Hannah Lang and Amanda Cooper

WASHINGTON/LONDON (Reuters) -Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022.

Bitcoin has rallied more than 10% in two sessions, helped by Monday's disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about 3,000 bitcoins for an outlay of $155 million.

The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs)... More