Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Markets / Cryptocurrency/  Bitcoin tops $60k on ETF nod reports
BackBack

Bitcoin tops $60k on ETF nod reports

Bitcoin had hit its lifetime high of $64,805 on 14 April 
  • Ether, cardano, solana and matic traded up to 11% higher
  • Bitcoin hit the $60,019 mark after gaining over 3% on Friday morning, Photo: BloombergPremium
    Bitcoin hit the $60,019 mark after gaining over 3% on Friday morning, Photo: Bloomberg

    New Delhi: The world’s oldest cryptocurrency, bitcoin, surged past the $60,000 mark on Friday after nearly six months on reports that the US markets regulator was set to approve the first bitcoin futures exchange-traded funds (ETFs) by October-end.

    The digital asset hit $60,019 after gaining over 3% on Friday morning, as per Coingecko, a digital currency price and information data platform.

    Bitcoin was just 8% away from its lifetime high of $64,805, which it hit on 14 April. Other cryptocurrencies such as ether, cardano and solana traded up to 11% higher.

    “Currently there are five ETF applications waiting for a decision on approval, and all these applications are due for a decision in October. A recent Bloomberg report suggests the Securities and Exchange Commission is likely to approve an ETF in the next two weeks," said Hitesh Malviya, founder, itsblockchain.com.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    ABOUT THE AUTHOR
    Abhinav Kaul
    Abhinav Kaul writes on cryptocurrencies and mutual funds at Mint. His previous stints include ETMarkets, Reuters Bangalore and Press Trust of India.
    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 15 Oct 2021, 11:48 AM IST
    Next Story footLogo
    Recommended For You
    GENIE RECOMMENDS

    Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

    Let’s get started
    Switch to the Mint app for fast and personalized news - Get App