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Cryptocurrency: Bitcoin hit $63,338 for the first time since mid-April

20/10/2021
Categories: Economy/Forex

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This Tuesday, October 19, 2021, the cryptocurrency leader reached $63,338 for the first time since mid-April. Bitcoin thus approaching the all-time high of $64,895.22.

Bitcoin is approaching its highest level ahead of the ETF listing. It hit its highest level in six months and was not far from a record high on Tuesday, as traders bet on the early listing of a futures-based US exchange-traded fund that could signal cash flows. investing in bitcoin and cryptocurrencies. Bitcoin, the world's largest cryptocurrency by market value, rose 1.5% during the Asian session to $62,991, its highest level since hitting an all-time high of $64,895 in April. It rose some 40% in October on hopes that the arrival of bitcoin's exchange-traded funds (ETFs), several of which are in the works, will enable billions of dollars managed by pension and investment funds. other institutional investors to flock to the sector. Ether, the second largest cryptocurrency, followed bitcoin's rise and also traded well on Tuesday. It was up 1.2% at $3,790.

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