Bitcoin nears all-time high, driven by ETFs and purchases

The Guardian February 29, 2024, 09:00 AM UTC

Summary: Bitcoin is nearing its all-time high, up 50% this year at over $63,000. Recent gains are driven by new Bitcoin ETFs, large client inflows, and anticipation of the April halving event. MicroStrategy's 3,000 bitcoin purchase also contributed. Yesterday, bitcoin approached $64,000 before finishing above $60,000. Today, growth data from India, Canada, and Switzerland, and the US PCE index are expected. Germany's unemployment and inflation reports, and the Bank of England's mortgage approvals data are also due.

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