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BREAKING: Bitcoin Reaches $60K for the First Time Since April

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Fri, 10/15/2021 - 05:26
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Alex Dovbnya
Bitcoin is inching closer to its all-time high after surpassing $60,000
BREAKING: Bitcoin Reaches $60K for the First Time Since April
Cover image via U.Today

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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. 

BTC
Image by tradingview.com 

Related
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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.  

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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.