Bitcoin (BTC) surged on Wednesday to break above $59,000, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a level last seen during a 2021 boom.
The price of the digital asset is now up more than 15% on the week and 40% so far this year, due largely to excitement sparked by a series of spot bitcoin exchange-traded funds that started trading in January.
Bitcoin was up more than 5% at $59,396 at last check, touching its…
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