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BREAKING: Bitcoin Hits New All-Time High, Touches $66,000

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Wed, 10/20/2021 - 13:44
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Alex Dovbnya
Bitcoin has logged a new lifetime price peak for the first time in seven months
BREAKING: Bitcoin Hits New All-Time High, Touches $66,000
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Bitcoin, the flagship cryptocurrency, hit a new all-time high of $66,000 on the Bitstamp exchange at 1:45 p.m. UTC.

BTC
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The fresh record high came after ProShares successfully launched the very first Bitcoin futures exchange-traded fund on Oct. 19. As reported by U.Today, it was the second-most-traded ETF on the New York Stock Exchange on its debut date.

The Bitcoin price approached daily lows shortly after the ETF commenced trading on the New York Stock Exchange, but bulls later stepped in and pushed the largest cryptocurrency to yet another lifetime peak the following day.

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The cryptocurrency's previous price peak of $64,804 was set on April 14, the day Coinbase went public on Nasdaq through a direct listing.

It took the benchmark crypto 189 days to update its all-time high, enduring several painful corrections.

Bitcoin is up roughly 125% since plunging below the $28,000 level in June.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.