Bitcoin approaches its all-time high of $68,991, reached in November 2021. Cryptocurrency continues its frantic rise since the approval of a new type of investment indexed to cryptocurrency.
The SEC has “generated a new wave of optimism, causing transaction volumes to soar,” notes Mikkel Morch, of the specialized fund ARK36. Bitcoin's price has also been boosted by expectations that the US Federal Reserve (Fed) and other major central banks will begin cutting interest rates this year.