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Bitcoin reaches historic high, never given so much for leading cryptocurrency

Bitcoin may have turbulent months, most recently in September, when China classified cryptocurrency transactions as illegal. Its value then approached $ 41,000 from above, although that was not the low this year, as the exchange rate was already below $ 30,000 in May. The exchange rate that was previously at an all-time high after the launch of the first US bitcoin ETF, a fund traded on a futures exchange. and in several European countries, the current landmark event was surrounded by greater-than-expected investor interest, which led bitcoin to a historic high on Wednesday. According to CoinMarketCap, the world’s leading digital currency rose above $ 66,700 and was more than 7% higher than the previous day at 15:48 Hungarian time.

ProShares Bitcoin Strategy The ETF, which began trading on Tuesday, gives investors the opportunity to buy and sell bitcoin through futures contracts instead of owning them directly. Bitcoin ETF futures were the first of its kind to receive regulatory approval in the United States prior to launch.

James Quinn, Hong Kong-based managing partner of Hong Kong-based cryptocurrency private asset management, said the launch of the new product was “significant. “for bitcoin.

In parallel, the world’s second-largest cryptocurrency, Ether, is also in its best form, rising to $ 4,080, so it isn’t far behind its record of $ 4380 on May 12th.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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