Bitcoin Hits New High Above $57,000 as Big Buyers Drive Rally
Bitcoin surged to over $57,000 in Asian trading, reaching a two-year high, driven by heavy institutional buying and the disclosure of a $155 million bitcoin purchase by MicroStrategy. Additionally, the approval of bitcoin-owning exchange-traded funds in the United States has contributed to the rally, with trading volumes in these funds spiking and crypto-linked firms rallying amidst nervous broader markets.