Bitcoin hits record high as launch of new fund opens up market to more investors
- Date: 20-Oct-2021
- Source: SkyNews
- Sector:Financial Markets
- Country:Middle East
Bitcoin hits record high as launch of new fund opens up market to more investors
Bitcoin has hit a new record high after the launch of a new exchange traded fund (ETF) linked to the cryptocurrency - seen as likely to open it up to a wider class of investors.
The price topped $67,000 on Wednesday, surpassing a previous record of just below $65,000 set in April.
Bitcoin - the world's leading cryptocurrency - had sunk to less than $30,000 over the summer as worries about regulation in China took hold.