Bitcoin rose as much as 5.5% on Monday to $66,339, nearing its previous record of about $67,000.
The last time Bitcoin reached these levels, it fell back several thousand dollars, and it’s undergone multiple corrections that take it down by half or more.
The crypto market has already roughly quadrupled from its 2020 year-end value, as investors have gotten more comfortable with established tokens and networks like Ethereum and Solana continue to upgrade and attract new functionality.
Bitcoin’s current rally has been fueled by the U.S.
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