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The original cryptocurrency rose as much as 5% to $72,880 on Monday, before paring the increase. Smaller tokens like Ether, Solana and Avalanche also advanced. The crypto gains came even as equities were mixed ahead of a key report on US inflation.
The largest cryptocurrency jumped as much as 13% to $63 968 on Wednesday.
The Wall Street behemoth is said to be performing due diligence on spot Bitcoin ETFs.
(Bloomberg) -- The options market is showing that crypto traders are targeting what would be a new record price for Bitcoin after the largest cryptocurrency reached a more than two-year high of $50,000 this week. Most Read from BloombergMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillWall Street Caught Off Guard by ‘Sticky’ CPI Signs: Markets WrapStanChart Weighs Break Up of Corporate, Investment BankPutin Seeks Revenge on a World Order He Once Wanted to JoinLyft Corrects Earnings Marg
The 10 spot Bitcoin ETFs began trading on Jan. 11.