Bitcoin Hits New All-Time High Above $65K on Strength of ETF Debut

Posted on by American Coins & Gold

Bitcoin Hits New All-Time High Above K on Strength of ETF Debut
Bitcoin, the world’s largest cryptocurrency by market capitalization, has hit a new all-time high above $65,000.The crypto broke above its previous high of $64,889 reached in April.Bitcoin is currently changing hands for around $65,607, up 4.2% over the past 24 hours. The latest rally pushed bitcoin’s year-to-date terms to 122%, according to CoinDesk data.The largest cryptocurrency appears to have gotten a push on Tuesday from the launch of the ProShares Bitcoin Strategy ETF, the first exchange-traded fund approved by the U.S. Securities and Exchange Commission to invest in bitcoin futures.Indeed, the new fund, traded on the New York Stock Exchange…