There¡¯s elation and there¡¯s euphoria, and then there¡¯s the unrestrained rapture that descends upon Bitcoin¡¯s emboldened bulls whenever the cryptocurrency soars to a fresh record.
Bitcoin rocketed on Wednesday past its prior high in April to just under $67,000, galvanized by the successful launch of the first U.S. Bitcoin futures exchange-traded fund ¡ª the second-busiest ETF debut on record and another step in its evolution from the frontiers of finance toward something with more mainstream appeal. The cryptocurrency has rallied 120% in 2021 ¡ª and for some believers, $100,000 is once again in sight.
As notorious as Bitcoin has been for its wild price swings, the cryptocurrency¡¯s ability time and again to not only recover but reach new all-time highs ¡ª or ¡°ATH,¡± as Bitcoin brethren say ¡ª has confounded skeptics and given bulls more to cheer.
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