HomeBusinessCryptocurrency Prices Today: Bitcoin Prices Today Above $61,000

Cryptocurrency Prices Today: Bitcoin Prices Today Above $61,000

Advertisements
Advertisements

Bitcoin Prices Today: The price of cryptocurrencies continues to rise on Saturday. The global cryptocurrency market cap stands at $2.48 trillion, up 4.52 per cent since Friday. At the same time, the volume of the crypto market has been $132.29 billion in the last 24 hours. An increase of 34.73 per cent has been seen in this.

Prices crossed $60,000 on Friday.

Currently, the price of bitcoin is $61,348. Bitcoin price crossed the $60,000 level on Friday, which was close to its all-time high. This is because there are expectations that US regulators will approve futures-based exchange-traded funds (ETFs), which will help open the way for more significant investments in digital assets.

Cryptocurrency investors await the approval of the first US ETF for bitcoin. There has been an uptick in the expectations of this move only recently.

Advertisements

The world’s largest cryptocurrency was trading higher at $61,869.05, the highest since its record high in mid-April. And finally, it saw a jump of 6.9 per cent. This has increased by more than half after September 20. And it is approaching the record high of $64,895 achieved in April.

What is the reason behind the rise in bitcoin?

The US Securities and Exchange Commission (SEC) is preparing to allow trading of the first US bitcoin futures ETF to begin next week. This information was given in a Bloomberg report on Thursday. Traders and analysts believe that this move will open new avenues for investors in emerging assets.

Experts say that crypto ETFs cannot be stopped. Such a product will come eventually because there is a demand for it. He believes that regulators will soon approve a version of the crypto ETF, expected by Monday. He believes that regulators are becoming more practical with this; the SEC has started to understand how these assets are stored and secured to take their place in traditional finance.

Advertisements
Geeta Kumar
Geeta Kumar
Geeta Kumar is Our Digital Media Specialist at Spot News 18. She Manages our Digital Media Account Globally. She loves to be connected on Social Media.

Related News

LATEST NEWS

Bigg Boss 16: User Advised Sumbul To Stay Away From Sajid Khan, So Papa Retaliated Like This

Bigg Boss 16: Tamarind fame Sumbul Tauqeer Khan is seen playing a perfect game inside the Bigg Boss house. People are not only liking...

UPI Transaction Will Not Have To Be Charged, But Only These People Will Get The Facility

If you are a Rupay credit card holder and use it on the UPI platform, there is good news for you. These people will...

Tired Of Thar’s Rear Seat? This Cool SUV Is A Great Option; You Will Be Able To Do Off-Roading Too

Mahindra Thar Rear Seat: Mahindra Thar is a popular SUV in the country. Despite the long launch time, this vehicle has a long waiting...

Women Suddenly Entered The Metro Wearing Strange Suits, Started Robbing Passengers

Robbery In Green Jumpsuits: Many times, such incidents come to the fore in the metro, and people are shocked to see and think how...

Kili Paul’s Entry Will Be In BB House, Will Dance On Akshay’s Song With Abdu

Bigg Boss 16 has got off to a great start. Some of the show's contestants have made their place in the audience's hearts. They...