Bitcoin hits $67,000 level, cryptocurrency total market cap crosses $2.5 trillion

 

Bitcoin, the world's largest cryptocurrency by value, hit a two-year high on Monday, surpassing the $67,000 mark as a wave of money brought it within striking distance of the record levels.

The Bitcoin price hit a session high of $67,200. It was last up 6.4% at $67,000. From the current market price, Bitcoin is 4% away from its all-time high of $68,999.99, which it touched in November 2021.

Meanwhile, the global cryptocurrency market cap surged 3.6% to around $2.54 trillion in the last 24 hours, according to data available at CoinGecko.

Bitcoin is up 50% this year and most of the increase has come in the past few weeks, where inflows into US-listed Bitcoin funds have increased.