Friday, February 3, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

Bitcoin price nears $63k all-time high: Here’s why

by Crypto News
October 18, 2021
in Bitcoin
0
Bitcoin price nears $63k all-time high: Here’s why
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


gettyimages-1235943556

SOPA Pictures/Getty

Bitcoin is at it as soon as once more. The unique cryptocurrency broke the $60,000 barrier over the weekend, to a short excessive of $62,600, for the primary time in six months. The value of Bitcoin stands at $62,300 on the time of writing, placing it in vary of the all-time excessive value of $64,800 reached on April 14. 

The uptick was brought on by information on Friday that the SEC is set to greenlight Bitcoin futures exchange-traded funds (ETFs). Bitcoin futures will enable traders to invest on the value of Bitcoin with out having to truly purchase any of the cryptocurrency and are theoretically much less risky than investing in Bitcoin itself. 

Get the CNET Now e-newsletter

Boost your small discuss with the newest tech information, merchandise and evaluations. Delivered on weekdays.

Futures are contracts that commit traders to purchase or promote a commodity at a sure value on a sure date. As an illustration, you might commit to purchasing a 1 Bitcoin for $100,000 in 5 years. If the value of a Bitcoin on that date is $200,000, you’d have made cash. If the value of a Bitcoin on that date is $50,000, you’d have misplaced cash. 

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022

Earlier than investing in a fund that holds Bitcoin futures contracts, ensure you rigorously weigh the potential dangers and advantages.

Try our Investor Bulletin to study extra: https://t.co/AZbrkpfn8F

— SEC Investor Ed (@SEC_Investor_Ed) October 14, 2021

A futures ETF is notably completely different from a normal exchange-traded fund, which Bitcoin fanatics have been lobbying for. A typical ETF would give traders publicity to the underlying asset, on this case Bitcoin, whereas a Futures ETF permits traders to invest on the value of the asset. Policymakers have stated previously that cryptocurrencies are too prone to fraud and manipulation to be authorised for ETFs backed by precise Bitcoins. 

Regardless, the truth that cryptocurrencies are being built-in into the SEC’s framework was sufficient to spice up Bitcoin and lots of different currencies. Ethereum, which is the most widely used cryptocurrency, is up 13% from every week in the past. Its value stands at $3,847, near its all-time excessive of $4,168 on Could 11. 

Bitcoin’s value started to blow up final September, taking pictures from slightly below $12,000 originally of the month to over $60,000 by April. A wave of dangerous information, together with Elon Musk reneging on his blanket support of Bitcoin and a crackdown on cryptocurrency services in China, precipitated the value to drop considerably in Could. In July, Bitcoin briefly fell beneath $30,000.





Source link

Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023
🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

February 3, 2023
#shorts 👉 DO NOT BUY ANY CRYPTO TODAY!! My short term ETHEREUM prediction

#shorts 👉 DO NOT BUY ANY CRYPTO TODAY!! My short term ETHEREUM prediction

February 3, 2023
Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

February 2, 2023

Recent News

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023
🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

February 3, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News