After an extended period of time since November 2021, Bitcoin achieved a 6% increase during trading in the United States and peaked at $57,000.
As of the time of writing this article, the figure had decreased to $56,500, an increase of more than 9% over the previous twenty-four hours. As for the CoinDesk 20 Index (CD20) as a whole, it had risen by 8.9%.
Monday marked the beginning of the ascent in the U.S., where Bitcoin reached $53,000 for the first time since November 2021. After some time, the amount rose to $54,000. In the course of the evening, the amount increased to $55,000. The value experienced a rapid increase, initially peaking at $56,000 and then rapidly surging to $57,000 within an exceptionally brief time frame.
As reported by Bloomberg, the spot bitcoin ETFs garnered considerable attention and interest in the U.S. markets. The collective, formerly known as Grayscale’s GBTC, experienced a substantial surge of $2.4 billion in terms of trading volume on Monday.
The fund sold 921 tokens, which was the least amount of bitcoin outflow for GBTC since the spot ETFs were introduced on January 11.