Bitcoin is back at record high levels and setting the investment world on fire. For investors, who accumulated the coin during the precipitated fall in May-June, the accumulated profits are substantial. The price of Bitcoin soared to $66,930.4 on Wednesday evening but fell more than 3 per cent immediately afterwards on some profit booking. The launch of the first-ever Bitcoin futures-backed exchange-traded fund in the US has rejuvenated the cryptocurrency universe and helped the biggest cryptocurrency to break out of its range of $52,000-$58,000 to reclaim its record high.
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