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
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.
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