$BTC Bitcoin has hit its highest price since 2021 amid record inflows to the cryptocurrency.

The latest Polls saw bitcoin rise above $59,000 on Wednesday. less than $10,000 from the record high it experienced in November 2021.

It represents a remarkable turnaround for bitcoin, which was trading below $20,000 just one year ago.

The price momentum was buoyed in January by the first ever approvals in the US of spot exchange-traded funds (ETFs) for bitcoin, which brought billions of dollars worth of institutional investment to the market for the first time.

#This week’s price rise coincided with a record day in trading volume for the bitcoin spot ETFs, with nine recently launched ETFs breaking their all-time daily volume record on Monday.#Write2Earn #trendingtopics