Bitcoin (BTC USD) Breaches $64,000 Briefly as ETF Demand Lures Traders

Few obstacles seem to be in the way of Bitcoin’s current rally. The largest cryptocurrency rose for the second straight day and marched closer to its all-time high, driven by expectations of exchange-traded funds’ robust demand at the week’s start.

The most liquid token rose as much as 4.5% to $65,650 – its first move above $65,000 since November 2021. The token has surged around 55% so far this year, outpacing traditional asset classes such as stocks by a wide margin.