Bitcoin has broken its own record – $66,000
On October 20, 2021, trading on the cryptocurrency exchange closed with an indicator of a historical maximum in the price of bitcoin – $ 66,000. Thus, he was able to beat his own April record of this year – $65,000.
As you know, after a record rise in April, the BTC collapsed by more than 50%, and in the second half of July it cost below $ 30,000. Therefore, it took bitcoin six months and another 9 days to reach a new record. During this difficult period, the cryptocurrency market has undergone many changes that all participants have felt. Earlier, in the spring of last year, the first bitcoin collapsed by 50% during the day, ending up at the level of 4 thousand dollars. However, since that day, the cryptocurrency exchange rate has increased by 1,670%.
The active rise of the MTC has been observed since the beginning of October, rising by more than 60%. Such changes are associated with the launch of the first bitcoin ETF in the United States. Moreover, for several years the Securities and Exchange Commission (SEC) did not approve its implementation. Analysts state an increased interest in ETFs. The turnover of the fund’s shares during the first day alone amounted to more than $1 billion. Analysts called such an event the largest in history. In the following weeks, the SEC will make a decision on other types of ETFs. This will allow investors to have wider access to the cryptocurrency market.
Bendik Norheim Shay, who heads the research of the analytical company Arcane Research, noted that talk about bitcoin ETFs is becoming more and more interested in investors.
Over the past day, bitcoin has grown by 5%, which was supported by most altcoins. The exchange rate of ether (ETH) (its own cryptocurrency Ethereum) for the first time since May 2021 reached the figure of 4 thousand dollars. As a result, a new maximum record was recorded for the total capitalization of the cryptocurrency market and amounted to $ 2.7 trillion.