Bitcoin edges off all-time high but momentum for more gains this year seen intact

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Bitcoin edges off all-time high but momentum for more gains this year seen intact
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Bitcoin fell slightly in Asian hours on Thursday, a day after marking an all-time high on optimism around the launch of the first U.S. bitcoin futures ETF.

The world's largest cryptocurrency was last down 1.3% at $65,184 after hitting a record $67,016 on Wednesday, but still above a previous peak of $64,895 seen in April.

In the past few days, he said, traders were starting to pay high rates to borrow to buy bitcoin futures, "and that's a sign that we could be a bit overextended, and there could be a pullback to come." Ether , the world's second largest cryptocurrency, rose 1% to $4,203 and there were also sharper gains in smaller tokens.

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