Bitcoin Hits Record High, US Exchange-Traded Funds Boost Rally

Bitcoin has reached a new all-time high, surpassing $71,000 and marking a nearly 70% increase in this year’s rally, largely driven by substantial inflows into US exchange-traded funds. On Monday, the original cryptocurrency surged by as much as 3.2% to $71,631.45. In addition, smaller tokens such as Ether, Solana, and Avalanche also experienced notable advancements.