Bitcoin hits $60,000 for the first time in more than two years

Bitcoin hits $60,000 for the first time in more than two years

FILE PHOTO: Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a surge of capital into new US spot bitcoin exchange-traded products fuelled a rally that has reached 42% this month, on track for its largest monthly gain since December 2020.