Bitcoin’s price reaches a new all-time high above $66,000

Oct 20, 2021 | The Block News | 0 comments

Bitcoin’s price has been on a tear since the last few trading sessions. It has now reached a new all-time high above $66,000. The cryptocurrency was changing hands at around $66,040 at the time of publication.

Bitcoin’s previous all-time high price was around $64,900, reached in mid-April of this year. The global cryptocurrency market cap is also at its all-time high of $2.7 trillion.

Other cryptocurrencies have also risen at the same time. The price of ether has broken above the $4,000 mark, although not for the first time.

This follows the launch of the first bitcoin ETF in the U.S. The Proshares bitcoin futures-based ETF went live on Tuesday and saw just shy of $1 billion in volumes on its first day.

For more breaking stories like this, make sure to follow The Block on Twitter.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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