On Wednesday, October 20, at the end of the day, bitcoin rose by 2.68% to $ 66 thousand. The price rose to $67 thousand, updating the historical maximum of $64854 from April 14, 2021. The growth lasted 120 days and amounted to 132% from the low of $28,805.
The main growth factors of the first cryptocurrency are high inflation and the launch of a bitcoin ETF
First, an ETF based on bitcoin futures from ProShares was approved. Today it became known that the Securities and Exchange Commission (SEC) The United States has approved an application to launch a bitcoin futures ETF from VanEck. The start of trading in the instrument is scheduled for October 25.
On the Binance exchange, bitcoin costs $65,755. The price retreated from the maximum amid the growth of altcoins against BTC. Against this background, the ETH/USD pair recovered to $4329. The ether is close to updating its historical maximum too. The nearest target for bitcoin is $68500, for ether – $4445.