Bitcoin Reaches $60K for the First Time Since April

Bitcoin is inching closer to its all-time high after surpassing $60,000

Bitcoin hit the much-coveted $60,000 level for the first time since Apr.18 on the Bitstamp exchange at 5:19 a.m. UTC. 

The benchmark cryptocurrency is now only 7% away from reclaiming its Apr. 14 all-time high of $64,804, which was hit on the day Coinbase, the biggest exchange in the U.S. went public.

The market cap of the largest coin has swelled to $1.1 trillion. 

The most recent price spike came after Bloomberg reported about the U.S. security regulator not voicing opposition to a futures-based Bitcoin exchange-traded fund, which means that the first ETF will likely start trading next week.   

Bitcoin has been outperforming the top altcoins as of recently due to the ETF hype.  

Original Source :u.today

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