Bitcoin is on a new record first since April in USA

Bitcoin is on a new record, for the first time since April. In the USA, they launched the first bitcoin fund for the general public yesterday. Bitcoin is at an all-time high. It sells for a record $ 66,000.

Bitcoin set a new price record this afternoon in Central European Time. The price of the oldest and most widespread cryptocurrency has risen to less than $ 68,000 a piece. In crowns, bitcoin came out to almost 1.5 million, for the first time in history.

The price of the most famous cryptocurrency bitcoin today rose to a record $ 66,975 (1.47 million crowns), significantly exceeding the maximum from April this year. This is shown by records on a specialized CoinDesk server. Shortly before 5:00 p.m., bitcoin sold for about $ 66,857. In the last 24 hours, it has gained over 6.7 per cent.

The current record price, which bitcoin reached on April 14 this year, was less than $ 65,000. Bitcoin's new record was helped in particular by the fact that yesterday it had the successful debut of the first American stock exchange fund to invest in bitcoin futures.

The launch of the ProShares fund in the US has ended an eight-year period of speculation and debate over the launch of a fund that makes it relatively easy to invest in bitcoin in a conventional way. This should lead other investors to invest from bitcoin, who have so far been reluctant to invest in cryptocurrency because, for example, they did not want to set up bitcoin wallets themselves or overcome other challenges stemming from the still weak user-friendliness of cryptocurrencies. In addition, the conventional bitcoin fund further legitimizes the cryptocurrency in the eyes of professionals and the general public.

Lukáš Kovanda, PhD. Sat 18:28 Cryptocurrencies

Bitcoin is heading for a new record. In the USA, it will probably launch the first bitcoin fund for the general public on Monday

The first application for the launch of a bitcoin fund was submitted to the US Securities and Exchange Commission as early as 2013. However, the Commission has so far "swept all applications" off the table, with a wide range of justifications, from fears of price manipulation to doubts over assets of this or that fund.

In the United States, bitcoin futures are conventionally traded, but no funds specialize in them yet. So now seems to be changing. This is a highly favourable, groundbreaking event, so it can certainly not be ruled out that the price of bitcoin will significantly exceed its current record in the near future.

"Exceeding the historical maximum was expected basically from April when the previous record was set. Only after correcting and collecting profits from speculative investors, the market waited for a sufficient number of positive impulses and a negative attenuation," said bit. plus founder Martin Stránský. According to him, the demand was supported by the long-awaited launch of the ProShares fund in the USA, which enables a convenient way of investing in bitcoins. This simplifies regular investing in bitcoin, which reduces the risk of loss due to exchange rate fluctuations.

The first ETF, which focuses on bitcoin futures, began trading in the United States on Tuesday. Investors expect that the price of bitcoin will continue to rise and that the cryptocurrency will receive general acceptance. Bloomberg also attributes the growth of cryptocurrency to speculative betting and high liquidity on world markets.

In April, bitcoin reached a price of almost $ 65,000. In June, it fell below $ 30,000 due to criticism of its energy intensity and China's crackdown on cryptocurrencies. But then he began to recover.

"It's a confirmatory moment," said Jesse Proudman, boss and co-founder of Makara, a cryptocurrency consultant. "It's no longer a question of whether this asset class will continue to exist. I think it's a really significant milestone in the history of the broader digital asset class," he added.

Proponents of bitcoin support the controversial argument that virtual currency is a repository of wealth and a hedge against inflation.

Cryptocurrency Bitcoin: Bitcoin beat the $ 66,000 mark. He significantly exceeded the record from April

The price of the most famous cryptocurrency bitcoin on Wednesday rose to a record $ 66,975 (CZK 1.47 million) and thus significantly exceeded the maximum from April this year. This is shown by records on the specialized CoinDesk portal. Shortly before 17:00 CEST, bitcoin sold for about $ 66,857. In the last 24 hours, it has gained over 6.7 per cent.

Shortly before 16:00 CEST, bitcoin sold for about $ 65,770. In the last 24 hours, it has gained 4.7 per cent.

The most famous cryptocurrency thus managed to erase all the losses it has incurred since the spring. At the time, after criticism due to the excessive energy intensity of mining and fears of Chinese regulation, the bitcoin rate fell to $ 30,000 apiece.

However, on Tuesday, for example, the first ETF, which focuses on bitcoin futures, began trading in the United States. Investors expect that the price of bitcoin will continue to rise and that the cryptocurrency will receive general acceptance.

"Exceeding the historical maximum was expected basically from April when the previous record was set. Only after correcting and collecting profits from speculative investors, the market waited for a sufficient number of positive impulses and, conversely, a decline in negative news, "Martin Stránský, the founder of bit. plus, told ČTK. According to him, the demand was supported by the long-awaited launch of the ProShares fund in the USA, which enables a convenient way of investing in bitcoins. This simplifies regular investing in bitcoin, which reduces the risk of loss due to exchange rate fluctuations.

#Bitcoin broke $ 66K and made a new ATH for the first time in 189 days.

The bitcoin recorded the record on the eve of his imaginary birthday. The first mention of him first appeared on the eve of All Saints' Day in 2008 in the research work of Satoshi Nakamoto. His identity is still shrouded in mystery and it is not even certain whether it was one person or a larger group of people.

However, in addition to its own growth, Bitcoin gradually inspired the emergence of other cryptocurrencies, the total value of which, according to CoinMarketCap.com, currently exceeds $ 2.5 trillion.

Bitcoin at a record price. He was driven to the new ATH by a key decision of the US Securities and Exchange Commission

Bitcoin at a record price. He was driven to the new ATH by a key decision of the US Securities and Exchange Commission

The current All-Time High is from mid-April this year with a value of $ 64,889 for Bitcoin. Then the cryptocurrency fell, in July it fell briefly below 30,000, in September China hit the cryptocurrency and a more significant decline was expected, but the exchange rate quickly shook off and smoothly reached new heights. He added more than 6% on Wednesday, beating the $ 66,000 target and barely reaching $ 67,000.

At the time of writing, the record value, according to CoinDesk, is $ 66,975 per Bitcoin

Market optimism was supported by the long-awaited launch of the first US publicly traded fund (ETF) tied to Bitcoin. After decades of attempts, only the ProShares convinced the Securities Commission. Its fund is called ProShares Bitcoin Strategy and is expected to introduce Bitcoin to new groups of investors thanks to its simple way of trading.

Elon Musk: When you mine Bitcoin organically, they will start selling you tesla again

The fund will not hold Bitcoins directly and plans to invest in bitcoin futures on the Chicago Mercantile Exchange. This is to bring clients better investment protection. On its first day (Tuesday), the fund grew by almost 5%.

The absolute record has not yet been broken, but there was not much missing. The record was set in mid-April at $ 64,829 ($ 1,422,950), with the highest peak at the peak of $ 64,476 ($ 1,415,120) on Tuesday night Wednesday.

At the beginning of last week, the most famous cryptocurrency in the world was trading for only $ 56,250 (CZK 1,234,580). Recall that the imaginary limit of $ 30,000 (CZK 658,440) was exceeded only at the turn of last year and this year.

The exchange rate has strengthened so much in recent days, mainly due to the approval of the very first bitcoin futures ETF in the USA by the US Securities and Exchange Commission. The first US exchange-traded fund to be linked to the price of the world's most famous cryptocurrency is called the ProShares Bitcoin Strategy ETF.

Bitcoins as an investment. The first cryptocurrency ETFs began operating in the United States

Bitcoins as an investment. The first cryptocurrency ETFs began operating in the United States

However, the approval of the ETF this week had virtually no effect on the second most well-known cryptocurrency, or the exchange rate jumped upwards only very slightly. At the beginning of last week, ethereum traded for $ 3605 (CZK 79,110), this week on Wednesday morning it was for $ 3,848 (CZK 84,420).

It is necessary to emphasize that virtual currencies do not have a single price, they are traded on stock exchanges and exchange offices depending on volatility. Differences in prices can vary in the order of several thousand crowns.

Bitcoins and other virtual currencies

There are many virtual currencies. One of the oldest and currently the most popular are the so-called bitcoins. They were created in 2009, but have enjoyed greater popularity in recent years. This currency was designed so that it could not be influenced by any government or central bank.

Cyber ​​coins are "minting" a network of computers with specialized software programmed to release new coins at a steady but declining pace. The number of coins in circulation is expected to reach 21 million in the end, which is to be around 2140.