New York CNN —
Bitcoin surged to its all-time high on Monday, shaking off a more than two-year rut that put the future of the entire crypto ecosystem in question.
Bitcoin, the world’s first and by-far largest digital currency, was trading at $68,791, topping the previous record of $68,789 reached on November 10, 2021.
Over the past several months, bitcoin’s rally has been turbocharged by US regulators’ approval of exchange-traded funds pegged to the digital asset, which created an on-ramp for more traditional investors to incorporate bitcoin into their portfolios.
That approval took years
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