Following
sizable
gains
during
the
U.S.
day
on
Monday,
bitcoin
(BTC)
pushed
through
several
additional
round
number
milestones
during
early
Tuesday
morning
Asia
hours,
the
price
topping
$57,000
for
the
first
time
since
November
2021.
At
press
time,
bitcoin
had
pulled
back
a
hair
to
$56,500,
still
ahead
more
than
9%
over
the
past
24
hours.
The
broader
CoinDesk
20
Index
(CD20)
was
ahead
8.9%
over
the
same
time
frame.
The
rally
began
Monday
morning
in
the
U.S.,
with
bitcoin
taking
out
$53,000,
also
for
the
first
time
since
November
2021.
The
price
rose
above
$54,000
later
in
the
day.
During
the
U.S.
evening/early
Asia
morning,
things
got
very
active
again,
with
bitcoin
taking
out
the
$55,000,
$56,000
and
$57,000
levels
in
the
space
of
a
few
minutes.
The
move
higher
in
bitcoin
earlier
Monday
spurred
sizable
activity
in
the
U.S.-based
spot
bitcoin
ETFs,
with
the
group
(ex-Grayscale’s
GBTC)
posting
a
record-high
$2.4
billion
in
trading
volume
on
Monday,
according
to
Bloomberg.
As
for
GBTC,
it
saw
its
smallest
one-day
outflow
of
bitcoin
since
the
Jan.
11
launch
of
the
spot
ETFs,
the
fund
shedding
just
921
tokens.
