Yesterday, the value of Bitcoin recorded the highest level and a new record was reached: the level of 65,000 dollars was exceeded.
Bitcoin briefly jumped above $65,000, a day after the financial instrument intended for that unit debuted on the New York Stock Exchange.
The Bitcoin Strategy ETF, a new stock exchange fund linked to Bitcoin, increased its value by almost five percent on the first day of trading, on Tuesday.
The fund should be a more affordable tool for major investors and could therefore further encourage cryptocurrency trading.
There is a possibility that the impact of the ETF launch could already be assessed, and we could see some kind of reaction – Buy rumors, sell the fact in the days ahead
said analyst Favad Razakzada.
Known for instability, Bitcoin could also easily break a new record, before potentially climbing to $70,000, Razakzada added.
The world’s largest cryptocurrency by market capitalization rose more than 2 percent, to $65,607.92, surpassing the previous record of $64,899 it set in mid-April.
The value of Bitcoin reached a historically high level in mid-February when it was worth more than 51,000 dollars. This expansion of its value followed the announcement of large companies, such as Tesla and MasterCard, that they would support cryptocurrencies.
The optimistic statements of investors and billionaire Paul Tudor Jones raised the mood in the market and influenced the growth of the value of Bitcoin.
I think that cryptocurrencies will be excellent protection against inflation, it is quite clear that Bitcoin is currently leading the game with gold…