Bitcoin Hits New High of $66,000 After Landmark US ETF Launch

Bitcoin hit an all-time high Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund.

The world’s largest cryptocurrency climbed to $66,909.15 by 17.54 ET, according to CoinMarketCap. The coin at its highs passed the $66,900 level Wednesday, topping a previous intraday record of $64,899 set in mid-April.

Ethereum also rose 8.17% to cross back over the $4,000 level. The world’s second-largest cryptocurrency traded at $4,104.61 approaching its all-time intraday high of 4,380 in May.

The ProShares Bitcoin Strategy ETF, which tracks bitcoin futures contracts pegged to the future price of the cryptocurrency, rose nearly 5% on its first day of trading Tuesday.

Some investors still doubt the future of the crypto market. For sure, yesterday’s results help to push for a greater acceptance of Bitcoin and other digital currencies.

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