Bitcoin has surpassed $71,000 for the first time since June, driven by substantial inflows into newly approved exchange-traded funds (ETFs) and speculation about the upcoming U.S. election.
As of Tuesday morning in London, it traded at $70,870, while Ethereum rose to $2,566 and Dogecoin increased by over 13% to $0.16.
The surge follows a shift in investor sentiment after the U.S. Federal Reserve cut interest rates, prompting renewed interest in riskier assets like cryptocurrencies.
Recall, Bitcoin hit a new all-time high of $73,737 in March, just two months after the Bitcoin ETFs were approved.
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