A “validating moment” for Bitcoin — that’s how some have described its fresh all-time high, fueled by the successful launch of an inaugural U.S. exchange-traded fund (ETF) for the cryptocurrency.
Bitcoin value surged to its highest-ever mark just a day after the first Bitcoin futures exchange-traded fund (ETF) was launched at the New York Stock Exchange. On Thursday, October 21, the world’s most-valued cryptocurrency opened trading at $67,139 (roughly Rs. 50,25,433) with a marginal gain of less than one percent.
All top 10 cryptocurrencies were higher at 9.30 hours IST. Polkadot rallied as much as 18 per cent, whereas Bitcoin was back in action crossing the $58,000 mark as investors bought the numero uno digital token.
Bitcoin price surged over 6 per cent, whereas Solana and Dogecoin shed up to 5 per cent. Major cryptocurrencies were trading mixed on Thursday with a positive bias. Numero uno digital token extended its gains, rallying over 25 per cent in the last one week.
The global cryptocurrency market cap today stood at $1.87 trillion and it showed that it had slipped by 0.91 per cent over the course of the last day. The total crypto market volume over the last 24 hours was $93.56 billion, which indicated that there had been a decrease of 3.88 per cent over the same time period according to information from CoinMarketCap.
Bitcoin Price: The largest virtual currency Bitcoin was trading in the green on Monday, it was up 4.72 per cent at $44,045.69, the market cap of the Bitcoin stood at $828.90 billion. The cryptocurrency prices tumbled last week after China issues a notice cracking down on cryptocurrency, the notice banning all cryptocurrency said to have roiled the virtual currency market.
The concerns around cryptocurrency saw Bitcoin price today dropping briefly below $40,000 for the first time since August in volatile trading. This is the third consecutive day of fall for the virtual currency.