Bitcoin crosses $60,000 high, 6-month high By Reuters

Bitcoin crosses $60,000 high, 6-month high By Reuters
Bitcoin crosses $60,000 high, 6-month high By Reuters

© Reuters. The Bitcoin logo in an illustrative photo on August 6, 2021. Photo: Dado Rovich/Reuters.

LONDON/NEW YORK (Reuters) – The currency rose above 60,000 on Friday for the first time in six months, approaching an all-time high, as hopes grew that US regulators would approve a cryptocurrency futures-traded fund, which would open the door Likely to increase investment in digital assets.

Investors are waiting for the approval of the first US ETF, and bets are boosted by the recent rally.

Bitcoin, the world’s largest cryptocurrency, jumped to $61,869.05, its highest level since mid-April, and was last trading up 6.9 percent at $61,346.

The currency has more than halved since Sept. 20, and is close to its record high of $64,895 hit in April.

Bloomberg News reported that the US Securities and Exchange Commission is expected to allow the start of trading the first ETF for Bitcoin futures next week.

(Prepared by Mustafa Saleh for the Arabic Bulletin)

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Bitcoin crosses high #6month high Reuters

 
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