tldr; Bitcoin surpassed the $60,000 mark, driven by sustained momentum and anticipation of its all-time high near $69,000. Analysts attribute the rally to consistent inflows into Bitcoin ETFs, notably BlackRock's IBIT, and institutional investments following SEC's ETF approvals. This environment fosters optimism for Bitcoin's future, with predictions of reaching $100,000 by year-end. The upcoming halving event, reducing new supply by 50%, also contributes to positive outlooks for Bitcoin's price.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
https://www.reddit.com/r/CryptoCurrency/comments/1b2msrj/bitcoin_breaks_through_60000_as_sustained/
