Bitcoin has crossed the $66,000 hurdle to hit a new all-time high amidst the Bitcoin ETF frenzy.
The first bitcoin-linked ETF $BITO by ProShares successfully launched yesterday and made a whopping $994 million in trading on its first day trading.
This is not the first time Bitcoin has benefited from the news about the U.S. SEC approval of the first Bitcoin ETF in the U.S. Bitcoin stepped up the ladder to the $63,000 mark yesterday during $ BITO’s official listing. Also, Bitcoin reached $60,000 on Friday after Bloomberg published that the SEC isn’t likely to block the Bitcoin Futures ETF from starting to trade this week.
In the last 24 hours, bitcoin is up by 7.07%, with a current price of $66,784 as at the time of writing this. Within 24 hours, bitcoin dropped to $62,350 low and $66,974.77 high. The trading volume of bitcoin in the last 24 hours is $1.79B. The current market capitalization of bitcoin is $1.26T. Currently, $18.84M bitcoins is in circulation.
Stats and Image from Coin Desk
Bitcoin has been experiencing a steady upward trend since the beginning of October. Bitcoin has not slowed down despite the outright ban of crypto activities in China.
The world’s second-largest cryptocurrency by market capitalization, Ethereum has also reached $4,000 for the first time since May 14. This price rally is influenced by the booming non-fungible tokens (NFTs), Defi protocols and, of course, the first Bitcoin futures ETF in the U.S.