Bitcoin over $60,000 for the first time since April – E24

Bitcoin over $60,000 for the first time since April - E24

The cryptocurrency is approaching the record set earlier this year.


Bitcoin price has risen 4.4 percent in the past 24 hours to $60,144 on Friday afternoon, the highest price since April of this year.

The price is now just under 7 percent below the record, which was set on April 14 and was $64,870, according to Bloomberg.

This follows a Twitter message from the US Securities and Exchange Commission (SEC) advising investors who are considering buying funds with bitcoin futures and asking them to conduct a thorough risk assessment.

Although the authority does not specifically mention listed funds (ETFs), many crypto enthusiasts interpret the letter as an assurance that the authority will not oppose trading in such funds, according to Market Watch. Some analysts now believe that the Securities and Exchange Commission will approve at least one fund as early as next week.

Moreover Bloomberg He writes that the audit will allow trading in crypto funds next week, and cites unnamed people familiar with the case.

It was a long process. Supporters have been fighting to allow the products since 2013, when Cameron and Tyler Winklevoss applied for approval. The twins are famous for suing Mark Zuckerberg for stealing the idea for Facebook from them.

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Hanisi Anenih

Hanisi Anenih

"Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst."

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