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Bitcoin gets record in sight | Financial

The value of the world’s most famous digital currency may rise due to the expectation that the American authorities will authorize the launch of a so-called exchange-traded fund (ETF) based on bitcoin. An ETF, also called a tracker, follows the price of an index, in this case Bitcoin. This would make the cryptocurrency accessible to more investors.

Bitcoin rose more than 2% in the past 24 hours, according to CoinMarketCap, which tracks the prices of digital currencies. The digital currency has gained about 10% in value in the past seven days. The price of bitcoin has been on the rise in recent weeks, having previously fallen below $40,000. Since the beginning of this year, the value of bitcoin has more than doubled.

Bitcoin gets record in sight | Financial
Source link Bitcoin gets record in sight | Financial

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