Bitcoin nears all-time high prior to biggest US crypto exchange listing

Bitcoin neared an all-time high on Monday ahead of a listing by the largest US cryptocurrency exchange.

The token rose as much as 2.6 percent to $61,229 — marking the highest level in nearly a month but still short of its March 13 peak at $61,742. Bitcoin is up almost ninefold in the past year, which towers above more traditional assets like stocks. Wall Street is beginning to quickly embrace cryptocurrencies, as the direct listing of digital-token exchange Coinbase Global is also ramping up interest.