Bitcoin Hits $60K for the 1st Time Since April
Bitcoin hit $60K earlier and is now at $59465 – Uptober continues to bring the gains!
Bitcoin hits $60K for the first time since April after reports of imminent ETF approval
“Bitcoin (BTC) has surpassed the $60,000 mark briefly for the first time since April 2021. The price has been boosted by reports suggesting a Bitcoin futures exchange-traded fund (ETF) is likely to begin trading in the United States as early as next week.
Data from Cointelegraph Markets Pro indicates that Bitcoin prices have been on a slow grind upward since the beginning of this month. Before the upward price action began, prices had hovered around $42,000 from Sept. 20 to Oct. 1. The $60,000 mark was first breached on Bitstamp exchange just after 5 am (UTC), and Bitcoin is now just 7% away from reclaiming its Apr. 14 all-time high of $64,804. The price has since eased slightly, and at the time of writing, Bitcoin is trading around $59,500.”