Bitcoin soared to a new all-time high of over $66,000 on Wednesday, a day after the launch of the first bitcoin-focused exchange-traded fund in the US.
The cryptocurrency surged as high as $66,100,according to Coindesk. The coin’s previous record priceof $64,889 was set in April, but it plummeted below $30,000 in July.
The recent rally has been driven by the trading debut of the ETF on the New York Stock Exchange. TheUS Securities and Exchange Commission’sapproval of the fund has been touted as a watershed moment for the entire crypto industry.
Bitcoin Foundation ChairmanBrock Pierce saidthe launch “begins an era where retail investors can invest directly into Bitcoin through the ETF and serves as further validation of Bitcoin and cryptocurrencies across the country and on a global basis.”
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Ether, the second-largest digital currency by market capitalization, has also risen since the launch.According to Coindesk, thecryptocurrencysurpassed $4,000 on Wednesday.
Story byThomas Macaulay
Thomas is a senior reporter at TNW. He covers European tech, with a focus on AI, cybersecurity, and government policy.Thomas is a senior reporter at TNW. He covers European tech, with a focus on AI, cybersecurity, and government policy.
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