This will be one of the most important milestones in the cryptocurrency industry. The SEC will likely approve the creation of the fund next week.
The price of bitcoin has reached this Friday a maximum of 62,757 dollars, beating the record of the previous day, when it was trading at 58,518 dollars. On Thursday, the price of the popular cryptocurrency equaled its maximum from last May.
However, on Wednesday the digital currency showed its volatility at miss more than $ 1,000 after announcing Binance, the world’s largest crypto exchange, that it will ban client-to-client trading in yuan. After that announcement, the price of bitcoin went from 56,300 to 54,713 dollars.
The all-time high was recorded in April when a bitcoin cost more than $ 64,000.
The rise this Friday is due to the plans that the Securities and Exchange Commission (SEC) has to authorize the first bitcoin futures fund in the US, reports CNBC. This will be one of the most important milestones in the cryptocurrency industry. According Bloomberg, the SEC could approve the creation of the fund next week.
- For the first time, bitcoin surpassed $ 60,000 in March 2021. However, in May, after Elon Musk will comment that it was considering selling Tesla’s crypto assets and following the restrictions imposed by the Chinese government on Bitcoin trading, the price of the virtual currency it fell below $ 45,000.
- In total, in the last three months, the price of digital currency grew by 90%.