Bitcoin Touches a Six-Week High as Investors Pour Into ETFs

Bitcoin advanced to nearly a six-week high as investors returned to riskier assets on optimism that market turmoil tied to the Middle East conflict may be starting to ease.

The largest cryptocurrency climbed about 4% to $74,512, the highest since Feb. 4 before paring some of the gains. Bitcoin is still down around 40% from a record high reached in October.