Summary
Bitcoin reached $65,000, nearing its all-time high of $69,000, as bullish bets hit a record high. The cryptocurrency has risen over 6% in 24 hours and is just 5% away from its peak in USD terms. The CD20 index rose 5.6% and Bitcoin has surpassed peak prices against major currencies. Futures market signals further gains, with open interest hitting an all-time high of $27 billion. Market capitalization also reached a record $2.8 trillion.
Key Points
1. Bitcoin (BTC) crossed $65,000 in European morning hours on Monday, inching closer to a lifetime peak of $69,000 set in November 2021.
2. The value of bullish bets on Bitcoin rose to a record as the largest cryptocurrency added over 6% in the past 24 hours.
3. Open interest in Bitcoin futures reached an all-time high of $27 billion, indicating growing interest and new money entering the market.