Connect with us

Hi, what are you looking for?

Seva Magazine

NEWS

Bitcoin surges above $66,000 as it hits Wall Street

Bitcoin has hit a new all-time high of nearly $67,000 on Wednesday.

itcoin, the most valuable cryptocurrency worldwide, hit a new all-time high of nearly $67,000 on Wednesday.

The hike in value has been fueled by the launch of the first exchange-traded fund tied to bitcoin futures, as well as hopes that U.S. regulators would not crack down on cryptocurrency trade. The coin also saw a rise in its value after George Soros revealed that he owned some bitcoin.

The ProShares Bitcoin Strategy ETF, which began trading on Tuesday, rose three per cent on Wednesday morning. On its first day on Wall Street, the ETF began trading at $40 a share under the ticker symbol “BITO” and finished the day up five per cent.

“The ETF approval is a watershed moment for the industry,” Bitcoin Foundation chairman Brock Pierce said to CNN Business. “This moment is long-awaited, as numerous entrepreneurs and firms have sought approval from regulators since as early as 2013.”l

Other digital coins such as Ethereum also climbed more than six per cent, trading above $4,000. The world’s second-largest cryptocurrency went as high as $4,080.84 since last recorded in May.

 

SOURCE; https://gazettengr.com/bitcoin-surges-above-66000-as-it-hits-wall-street/

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

BUSINESS & ECONOMY

An exclusive sit-down with Seyi Adekunle of Vodi Group.

ENTERTAINMENT

The ‘Open Mic’ event by Tiki Cultures, which is an initiative of Adenike Isi Adeeko a.k.a Dadashnami, has been running for over two years...

TECHNOLOGY

The world’s most popular global audio streaming subscription service is now available in Nigeria, Ghana, Kenya, Tanzania, and Uganda as of 23 February. It...

Copyright © 2020 SEVA Magazine. Designed and Developed by Donkey Technologies.