Bitcoin Approaches All-Time High as New Investment Type Boosts Its Rise

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 22 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Finance News

Bitcoin,Cryptocurrency,Investment

Bitcoin passed the US$60,000 mark today, approaching its all-time high and continuing its unbridled rise since the approval of a new type of investment indexed to the cryptocurrency.

Bitcoin passed the US$60,000 mark today, approaching its all-time high and continuing its unbridled rise since the approval of a new type of investment indexed to the cryptocurrency. At 1.25pm, bitcoin traded at about US$60,301, closing in on its all-time high of US$68,991 – that was struck in November 2021 and which some analysts believe is now within reach.

Since their approval on Jan 10 by US securities regulators, exchange-traded funds (ETFs) indexed to bitcoin have theoretically enabled a wider public to invest in the cryptocurrency without having to hold it directly.The expected approval of the new investment product had contributed in recent months to a rise in its price, which had largely fallen by the end of 2022 following the bankruptcy of several crypto giant

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines