Bitcoin (BTC) Hovers Near Record High as Crypto Draws Record Inflows

Bitcoin is sustaining a record-breaking run, lifted by the unprecedented amounts of capital flowing into crypto products as well as a looming reduction in the digital token’s supply growth.

The original cryptocurrency reached an all-time peak of almost $72,968 on Tuesday, before paring the increase. It was the third record in five days. A record $2.7 billion flowed into crypto assets last week, according to a report from CoinShares international Ltd., with the bulk of that going to Bitcoin. Both the token and a gauge of the largest 100 coins are up roughly 70% this year.