Bitcoin, the world’s most popular cryptocurrency, hit the $69,000 mark briefly Tuesday morning before sliding down in afternoon trading, breaking a record set in November 2021 of about $68,990.
As of mid-afternoon Tuesday, the token was trading around $62,395, according to crypto tracking site CoinGecko.
Bitcoin valuations have been on a rocky road since hitting the previous peak in late 2021, but the digital currency is up over 45% since the start of the year and was selling for about $22,000 per token this time last year.
Experts say the current upward trend in bitcoin pricing is being driven by a January decision by the U.S. Securities and Exchange Commission to allow about a dozen exchange-traded funds, or ETFs, to track the price of bitcoin. The ruling opened the door to a new entry point for investors interested in pushing money into cryptocurrencies via an option that doesn’t require them to actually purchase the digital…
