Bitcoin Tops $63K for First Time Since November 2021

The price of bitcoin (BTC) topped $63,000 on Wednesday, Image by - GOOGLE

[{"selector":"#anim-edd82d19-4aea-4339-a0ca-960c9630c441 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(62.499999214838994%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-99ab5c23-2fb7-43ff-9400-044441eb9689","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] the original cryptocurrency's first time above that level since the peak of the last bull market in November 2021. Image by - GOOGLE

[{"selector":"#anim-e0301eca-e9e2-4654-b291-1ada9762df19 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(48.899647954697976%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e371cce7-2b4d-493f-972f-d34e3e3d84b0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] This week's giant rally has coincided with huge inflows into U.S.-traded spot ETFs Image by - GOOGLE

[{"selector":"#anim-5c7a864b-c44a-4a6d-bec2-8ca33faa40e3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(45.89843752927687%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e2c91ce5-2d91-429a-bb7b-147fd0f1b25a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] with the new funds adding more than another 12,000 bitcoin on Tuesday after adding about 10,000 on Monday. Image by - GOOGLE

[{"selector":"#anim-d9b6b211-ca38-4a06-b4f2-e84c428e3e5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e0d4fc58-998b-46d1-acc7-c8bad2c90b3f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] And it comes ahead of the so-called bitcoin halving in April, Image by - GOOGLE

[{"selector":"#anim-b943b6cc-4657-4414-87f0-e294d5868a5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5f979c25-12c5-4b1a-b0fc-b6775459635a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] an event that takes place every four years and usually accompanies strong gains as the issuance of new bitcoin slows. Image by - GOOGLE

[{"selector":"#anim-87e114a6-fcec-4989-9bb1-68217f2347bd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.92092889088216%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-92d7a04e-b576-494c-9846-c797fb61be33","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Bitcoin has been on a ferocious rally for months, but that has picked up this week. Image by - GOOGLE

[{"selector":"#anim-ffe1024b-6164-463a-8dcf-b2a1bc6d4d9e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-355242fb-0de6-41ae-98c3-dd04ca12b231","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Just a few days ago, its price was below $51,000. Image by - GOOGLE

[{"selector":"#anim-1f1b4ba3-78b1-4a8d-ae0a-a271390d4e56 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e6badabb-6cc1-43bb-b69d-4d8ebd8473d2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] It crossed $60,000 just a few hours before exceeding $63,000. Image by - GOOGLE

[{"selector":"#anim-5cefc9df-8033-4fa2-be2b-0862f6114f4f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(62.34157319595875%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-218c0ef7-1100-4d95-b90e-5e00edc6cb3b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] At press time, bitcoin was up more than 10% over the past 24 hours Image by - GOOGLE

[{"selector":"#anim-0bb82713-14da-4fa5-9145-b533cb79b0ae [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(68.73317612252177%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6faaeb90-f4db-45b5-9037-2edb76c394f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The broader CoinDesk 20 Index, a benchmark of the biggest cryptocurrencies, had rallied 7.8% over the same time period. Image by - GOOGLE