Bitcoin has broken out to its best levels since the beginning of the year as overnight buying has the cryptocurrency higher by 4% at $1,101.70 per coin.
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Bitcoin soars above $1,100
Bitcoin is at its highest level since the beginning of the year.
A bitcoin sign in a window in Toronto.
Tuesday's advance marks bitcoin's eighth straight gain and has run action above the $1,100 mark for the first time since January 5. A move above $1,161.85 will have bitcoin trading at its best level since November 2013.
The eight-day winning streak comes amid investor speculation the Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds despite analyst concerns that none will be approved
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