Bitcoin Volatility in US Tops Asia With Token Back Near Record

Another day, another big swing in Bitcoin to enliven a relatively slow Monday on Wall Street. This time, the digital asset surged 7% to retake $70,000, the latest sign that pronounced Bitcoin moves increasingly fall in US hours.

That pattern was also evident in February after the token scaled $60,000 for the first time since 2021 and in the push to a record in March. The focus of trading has shifted to the US alongside the rollout of Bitcoin exchange-traded funds, which have drawn more than $11 billion in net inflows since their Jan. 11 debut.

A metric tracking ...