Bitcoin Price with a new historical record
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| Bitcoin Price |
Bitcoin price rose to its highest levels in history, to surpass the peak of last April, which was above the levels of $64 thousand, to trade bitcoin above the levels of $66,600 during Wednesday, October 20, 2021.
The largest cryptocurrency has a market capitalization of $1.25 trillion, mainly due to a wave of optimism after the launch of the first US exchange ETF based on Bitcoin futures from ProShares, which will open the door to new crypto investors.
What is the symbol for bitcoin futures contracts in the US stock exchange?
The ETF stands for BITO, and this is seen as a huge victory for Bitcoin because the listing not only legitimizes the popular cryptocurrency as an asset class but also makes it more accessible to investors.
Speculations are increasing that the US market will witness more ETFs during the coming period, especially with more companies applying for approval to list Bitcoin ETFs.
The war on bitcoin and cryptocurrency
China has targeted bitcoin since 2013, banned financial institutions from handling bitcoin transactions, and over the years have renewed its crackdown on the cryptocurrency market.
The People’s Bank of China launched its crackdown on cryptocurrencies at the end of last September by imposing a blanket ban on all cryptocurrency transactions and mining operations, affecting the price of Bitcoin and other major cryptocurrencies, and putting pressure on cryptocurrency-related stocks and blockchain technology. Last month.
But with the beginning of October, Bitcoin ignored all these campaigns, especially with the migration of Bitcoin miners to the United States of America, where energy prices are among the lowest around the world, such as Texas, to record a jump in the number of mines in the United States by 428% based on Annually last September, according to data released by the University of Cambridge.
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