Bitcoin Breaks Through 2-Month High, Eyes $70k

Bitcoin's price surged on Wednesday, reaching a two-month high and briefly approaching the psychologically significant $70,000 level. The cryptocurrency touched an intraday high of $69,749, marking its strongest print since June 2.

This represents a more than 5.8% increase in value from the previous day's close. Bitcoin's price has been on a steady climb over the past few days, but this sharp spike is notable as it clears the 100-day moving average, a key technical indicator.