Bitcoin has jumped over $67,000 per bitcoin to hit its highest level since late 2021.
The flagship cryptocurrency was last higher by 7% at $67,386.97, according to Coin Metrics. Earlier, it rose to as much as $67,567.98, its highest level since November 2021. Ether advanced 2% to $3,550.86.
The bitcoin price has rocketed over 300% since crashing to its recent lows of $15,000 per bitcoin in the aftermath of the collapse of major exchange FTX
Both coins are coming off their best week in almost a year — bitcoin gained about 21% and ether 16% — but paused their run over the weekend as the market digested two days of steep outflows from the Grayscale Bitcoin Trust (GBTC) that were offset by inflows into other “newborn” bitcoin exchange-traded funds.
Bitcoin’s historical halving that’s expected to cause crypto price chaos is just around the corner!
