What to know about bitcoin's surge?

What to Know About Bitcoin’s Surge. Bitcoin just hit a record high, but there are big differences between now and the last crypto boom, when digital currencies became a cultural phenomenon. Since the new cryptocurrency related E.T.F.s debuted this year, more than $7 billion in investment has flowed into them, pushing up the price of Bitcoin.

Will bitcoin's price surge make it more volatile?

To be sure, bitcoin's ongoing price surge doesn't make the cryptocurrency any less volatile, as Laila Maidan, investing correspondent at Insider, told CBS News in December, when the cryptocurrency broke $41,000, which was its highest value in 19 months at the time. "It doesn't mean the crypto is going to skyrocket and stay high," Maidan said.

Are bitcoin ETFs causing a surge in price?

The arrival of bitcoin ETFs is said to have catalyzed the latest surge in price, by unlocking a wave of pent-up demand among investors—both institutions and regular people—previously unable or unwilling to deal with a crypto exchange or risk storing crypto manually themselves.