Bitcoin Hits $35,000 for First Time Since 2022 on ETF Optimism

(Bloomberg) -- Bitcoin extended a rally fueled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year.

The largest digital asset rose as much as 11.5% to top $35,000 before paring some of the gain to trade at $33,918 as of 7:25 a.m. in London on Tuesday, taking its year-to-date rebound from 2022’s digital-asset rout to 105%.

The possible approval in coming weeks of the first US spot Bitcoin ETFs is stoking speculative ardor fo...
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