Bitcoin is climbing toward its all-time high of $68,991. At 1325 GMT, bitcoin traded at about $60,301, closing in on its all-time high of $68,991 -- that was struck in November 2021 and which some analysts believe is now within reach. Since their approval on January 10 by US securities regulators, exchange-traded funds (ETFs) indexed to bitcoin have theoretically enabled a wider public to invest in the cryptocurrency without having to hold it directly. But once the selling fever subsided, flows into US bitcoin ETFs, such as that of asset management giant BlackRock, increased. Bitcoin is created -- or "mined" -- as a reward when powerful computers solve complex problems to validate transactions made on the blockchain.
