Bitcoin makes run toward record high to $62,100 amid ETF exuberance

Bitcoin-to-the-moon traders are back with a vengeance as the cryptocurrency approaches its all-time high and demand jumps for bullish contracts across crypto exchanges. 

The world’s largest digital token has surged some 8% over Friday and Saturday to about $62,100 -- taking this month’s rally to over 40% -- after Bloomberg News reported the U.S. Securities and Exchange Commission looks poised to allow the country’s first futures-based cryptocurrency ETF. 
 

As institutional and retail demand grows for the more than $1 trillion asset, speculators are eyeing a return to April’s $64,869 record peak while premiums are rising for derivatives betting on higher