Bitcoin (BTC) Hovers Near Record High as Crypto Draws Record Inflows

Bitcoin rose to a record for the third time in five days before traders appeared to take the opportunity to realize some of the recent gains.

The original cryptocurrency reached an all-time peak of $72,968 on Tuesday, before pulling back below $70,000. The fresh highs were reached in the wake of a report from CoinShares showing $2.7 billion flowed into crypto assets last week, with the bulk of that going to Bitcoin. Both the token and a gauge of the largest 100 coins are up roughly 70% this year.