Stock Groups

Bitcoin Approaches Record High of $64,000 as Rally Gains Momentum By CoinQuora

by Mike Robinson

[ad_1]

© Reuters. Bitcoin reaches record high of $64,000, as rally gains momentum
  • The bullish sentiment keeps growing after bitcoin’s price broke above $57,000
  • BTC nears its all-time record of $64,000

The bullish sentiment keeps growing after bitcoin’s price broke above $57,000 on October 15. CoinMarketCap reports that bitcoin has gained 3.17% within the last 24 hour.

The price surge drew analysts’ attention to see a continued upside, with some calling for a return to the all-time high near $64,000.

Bitcoin is close to its record high, having jumped more than 95% from a July low. Yesterday’s trading volume of Bitcoin was $57,000, but it jumped to $59,000 this morning. BTC trades currently at $59 601.09 and has a market cap at $1,126 26,660,136.

The king of cryptocurrency, however, is only steps away from recovering its April 14 record high of $64,804, reached on the date Coinbase (NASDAQ) went public. This was the largest exchange in America.

More so, this BTC price surge comes after Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) didn’t oppose the launch of a futures-based Bitcoin exchange-traded fund in the U.S.

These altcoins, such as, the second largest crypto, Polygon Matic, FTX token, and many other, saw their prices rise due to this surge in BTC.

Continue reading on CoinQuora

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]