Bitcoin at record value of $69,000

Patria
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Bitcoin at record value of $69,000

(Patria) - The price of Bitcoin has reached an all-time high of $69,000, driven by growing investor interest in the digital currency.

This surpasses the previous peak from November 2021, when Bitcoin was valued slightly below this level.

The rise followed the cryptocurrency receiving the green light last month for use in mainstream investment products in the US.

The US Securities and Exchange Commission reluctantly approved the first Bitcoin exchange-traded funds in early January.

The US regulator remains skeptical about cryptocurrencies, and the decision stated that Bitcoin is "not approved or endorsed," reported PA Media.

Trading Bitcoin through regular stock exchange orders has led to an influx of significant investment capital into cryptocurrency funds.

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