Bitcoin breaks $60,000 mark, and Wall Street's "vending machine" has just started
@ETF Tracker:
During Wednesday's trading session in the US stock market, Bitcoin surged past the $64,000 mark, reaching a new high since November 2021. With an intraday increase of 13%, it has soared nearly 50% for the month so far. However, following this surge, Bitcoin's gains narrowed to just under 6%, showing a noticeable retracement from the earlier 13% intraday increase. This surge led to interruptions in services for cryptocurrency exchange Coinbase due to a surge in traffic, but services have since been restored.The current price of $64,000 is not far from Bitcoin's all-time high. The peak for Bitcoin was around $69,000, occurring in November 2021. The significant surge in Bitcoin this month also puts it on track to achieve its largest monthly gain since December 2020, when it rose by 50% in a s