Bitcoin rises to $70,206

Bitcoin rises to $70,206

The world’s biggest and best-known cryptocurrency is up 82.3% from the year’s low of $38,505 on Jan. 23.

© Reuters. FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration picture taken in Paris, France, March 9, 2024. REUTERS/Benoit Tessier/Illustration/File Photo

Ether, the coin linked to the ethereum blockchain network, rose 13.3% on Monday to $3500.

The approval and launch of spot bitcoin exchange-traded funds in the U.S. this year has opened the asset class to new investors and reignited the excitement that evaporated when prices collapsed in the “crypto winter” of 2022.

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