Bitcoin trades just below record high, altcoins join the party By – Investing.com UK
- Date: 22-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Bitcoin trades just below record high, altcoins join the party By – Investing.com UK
By Samuel Indyk
Investing.com – was trading around $65,200 on Thursday morning, just below the all-time high hit on Wednesday near $67,000. The successful launch of the first ETF has helped propel the world’s largest cryptocurrency to its record high, after previously notching its peak in April this year.
The previous record coincided with the IPO of cryptocurrency exchange Coinbase (NASDAQ:) and some analysts had been forecasting a scenario where the launch of the ProShares Bitcoin Strategy ETF (NYSE:) would see some profit-taking. However, for now, Bitcoin remains elevated and there are little signs of a large-scale correction.
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