Bitcoin rallied to a record, topping US$66,000 for the first time, as optimism surged for greater mainstream acceptance in the wake of the successful launch of the first exchange-traded fund for U.S. investors.  

While the historically volatile digital currency spent recent days hovering in a narrow range as it approached its previous April high, the vault above happened much faster: the price added more than a thousand dollars in a minute just after the open of stock exchanges in the U.S. Big moves tied to significant chart levels have been a common phenomenon in the little more than a decade history of cryptocurrency trading.

“It’s a validating moment,” said Jesse Proudman, co-founder and chief executive at Makara, a crypto advisory firm. “It’s no longer a question of does this asset class continue to exist -- I think that’s a really meaningful mark in the history of the broader digital-asset class.”

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