Bitcoin jumps above $66,000 for first time ever

2021-10-20 17:42:26 GMT (Economies.com)
Bitcoin jumps above $66,000 for first time ever

Bitcoin rose on Wednesday, and hit new all-time records, thanks to strong retail demand.

 

The cryptocurrency gained support yesterday after the announcement of the Bitcoin Strategy ETF (BITO), allowing investors to trade the ETF in the US stock exchange.

 

An exchange traded fund (ETF) is an investment that tracks a basket of assets and can be purchased in a stock exchange, as for the Bitcoin Strategy ETF, Bitcoin prices are tracked and mimicked rather than trading the digital currency itself.

 

Bitcoin Strategy ETF in the first trading session rose by 3.1%, and surpassed $41 a share.

 

Meanwhile, Bitcoin rose by 4% to its all-time high at $66,600 as of 15:45 GMT.

 
 
 
  Symbol Last Change Chg.%
1.1311
0.0041
0.3629%
1.3321
0.0011
0.0857%
Tadawul
10810.60
-60.02
0.55%
22.955
-0.090
0.388%
69.357
-3.044
4.204%
72.89
-0.58
0.79%
1793.150
8.060
0.452%
 
 
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