The price of bitcoin soared past $65,000 Monday, putting it within striking distance of its all-time high reached in November 2021. The cryptocurrency has gained 48% in 2024 and is approaching the intra-day all-time high of more than $68,000 The latest rally is being fueled by hopes that the launch of bitcoin exchange-traded funds, or ETFs, will expand the pool of bitcoin buyers. These ETFs were approved in January by the Securities and Exchange Commission as a means of making it easier for investors to gain exposure to the price movements of bitcoin as part of a diversified portfolio without having to go through the sometimes onerous process of owning the digital coins themselves. The ETFs have collectively already seen billions of dollars of investments. The cryptocurrency world is also banking on a price rally coming after a technical event known as ‘halving’ occurs in April. This causes the rate…