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.