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itcoin hit the much-coveted $60,000 for the first time since April 18 on the Bitstamp exchange at 5:19 UTC.
The benchmark cryptocurrency is now only 7% away from reclaiming its Apr. 14 all-time high of $64,804, which was hit on the day Coinbase went public.
The market cap of the largest coin has swelled to $1.1 trillion.
The most recent price spike came after Bloomberg reported about the U.S. security regulator not voicing opposition to a futures-based exchange-traded fund.
Bitcoin has been outperforming altcoins as of recently due to the ETF hype.