Bitcoin prices have climbed to their highest value in over four months, rising to as much as $73,500 on Tuesday (Oct. 29). The all-time high of $73,798 was reached on March 14 this year as the broader cryptocurrency market saw widespread gains. The world’s largest cryptocurrency was trading at $73,000, marking a 4.6% increase in the past 24 hours. An $870 million inflow into spot Bitcoin ETFs—the third-highest daily total since these investment vehicles launched in January—was driven by a $629 million surge into BlackRock’s IBIT fund.
Comment on Bitcoin hits four-month high amid US election optimism
Suswati Basu, ReadWriteWeb
Wed, 10/30/2024 - 7:10am
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