Bitcoin hits record high | Top stories

Bitcoin hits record high

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The price of Bitcoin hit an all-time high today.

The price of bitcoin hit a new all-time high for the first time in more than six months on Wednesday morning, October 20, as investors rallied around the successful launch of the first-ever crypto futures exchange-traded fund. bitcoin currencies.

The price of bitcoin jumped more than 4% to $ 66,140 shortly before 10 a.m. EDT this morning, breaking a high of around $ 64,800 set on April 14. The record comes after a very positive October for bitcoin as it started the month valued at around $ 43,000. , winning almost half of its prize since.

With this latest boost, bitcoin prices have now skyrocketed nearly 20% over the past week amid fervor for the start of the ProShares Bitcoin Strategy ETF, which posted a volume of roughly $ 1 billion and rose 4.7% in its first day of trading on Tuesday, October. 19.

A new exchange-traded fund is “supercharging” the price of cryptocurrency.

The very first bitcoin futures exchange-traded fund launched in the United States on Tuesday, in what has been touted as a major milestone for the crypto industry that could push it to new highs.

The debut of the ProShares ETF on the New York Stock Exchange opened the market to a new group of traders and investors interested in cryptocurrencies but unwilling to buy and sell tokens directly through exchanges. It offers a more regulated structure to traditional investors, via platforms they know better.

Read more:

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Gérard Truchon

An experienced journalist in internal and global political affairs, she tackles political issues from all sides

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