Bitcoin posted sharp swings after printing its first record in more than two years as traders assessed whether demand from recently launched exchange-traded funds can keep the token’s rally going.
The largest digital asset rose some 4% to $66,000 as of 2:46 p.m. Wednesday in Singapore, helping to lift the wider digital-asset market. A day earlier, Bitcoin touched an all-time peak of $69,191.95 before quickly sinking below $60,000.
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