Bitcoin was little changed at $70 665 as of 8:08 a.m. Tuesday in London.
Another day, another big swing in Bitcoin to enliven a relatively slow Monday on Wall Street. This time, the digital asset surged 7% to retake $70 000, the latest sign that pronounced Bitcoin moves increasingly fall in US hours.
That pattern was also evident in February after the token scaled $60 000 for the first time since 2021 and in the push to a record in March. The focus of trading has shifted to the US alongside the rollout of Bitcoin exchange-traded funds, which have drawn more than $11 billion in net inflows since their January 11 debut.
In contrast, Asia appeared to be the new center of gravity for digital-asset markets for a time in 2023, during the height of a US crackdown on crypto. Back then, Bitcoin trading activity was becoming more intense in Asian hours. ADVERTISEMENT CONTINUE READING BELOW The oldest cryptocurrency briefly punched past $71 000 in the US on Monday before gains cooled a little to roughly 7% for the session. The token is up 154% over the past 12 months and close its mid-March peak of almost $73 798.
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