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Bitcoin hits $60K for the first time since April after reports of imminent ETF approval
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Bitcoin has surpassed the $60,000 mark briefly for the first time since April 2021. The price has been boosted by reports suggesting a Bitcoin futures ETF is likely to begin trading in the United States as early as next week.
Data from Cointelegraph Markets Pro indicate that Bitcoin prices have been on a slow grind upward since the beginning of this month. Before the upward price action began, prices had hovered around $42,000 from Sept. 20 to Oct. 1. The $60,000 mark was first breached on Bitstamp exchange just after 5 AM (UTC), and Bitcoin is now just 7% away from reclaiming its Apr. 14 all-time high of $64,804. The price has since eased slightly and at the time of writing, Bitcoin is trading around $59,500.
Bloomberg reported earlier
Read more on cointelegraph.comAbout this in other media
CFTC hits Tether and Bitfinex with fines totalling $42.5m finextra.com /3 years ago
Valkyrie’s leveraged Bitcoin ETF reportedly shot down by the SEC ambcrypto.com /3 years ago
Argentina: First Bitcoin-indexed ETF makes debut this week ambcrypto.com /3 years ago
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