Key Points
Bitcoin reached its highest point in over two years, surpassing $53,000, driven by increasing optimism about sustained investor demand through exchange-traded funds (ETFs), Bloomberg reported..
Spencer Hallarn, the global head of over-the-counter trading at crypto investment firm GSR, told the publication that the cryptocurrencies' ascent, is "supported by strong ETF inflows"..
The world's largest cryptocurrency saw a rise of up to 3.5 percent, reaching $53,600..
The last time it traded at this level was in December 2021 when it achieved an all-time high of almost $69,000 the preceding month..
