(Finance) – The rise of Bitcoin does not stop. The digital currency is fast moving towards an all-time high.
The cryptocurrency exceeded 67 thousand dollars today, reaching i 67,493 dollars, thus approaching the record recorded in November 2021when it touched 69 thousand dollars.
According to Coin Metrics, the coin is up about 7%, after gained 21% last week.
Nikolaos Panigirtzoglou by JPMorgan, recently pointed out that, after taking a breather in January, dealer appetite for cryptocurrencies rebounded in February and was a significant driver of the upward price action. He pointed to three key catalysts that help explain the renewed retail interest: the bitcoin halving and Ethereum’s next technology upgrade – both taken for granted by JPMorgan – and the potential approval of spot ether ETFs.