Key Takeaways
- Bitcoin reaches $60,000 in just a few days following the news of probable ETF approval.
- The coin has been fluctuating at a value of $42,000 between September 20 and October 1.
- The currency needs just 7% to reach its April ATH of $64,804.
BTC has crossed the $60k mark, which is the first time the currency has done so since April of this year.
The probable cause of this rise is recent reports that the ETF would likely begin trading the virtual currency in the United States within the next week.
According to Cointelegraph statistics, the original cryptocurrency has been increasing in value since early this month.
Prior to this price rise, the coin's value was between $42k and $42k between September 20 and October 1.
The coin value initially hit the $60k mark on the Bitstamp exchange just after 5 a.m., and the virtual currency only needs 7% further to reach the ATH level of $64,804, which was achieved on April 14 of this year.
The value has subsequently dropped somewhat, and the currency's worth at the time of writing is $59,500.
According to a recent Bloomberg article, people close to the issue have dropped clues that the SEC would likely allow several Bitcoin futures ETFs to begin trading in the next week.
The announcement of likely acceptance has resulted in a $7,000 gain in coin value in the past week, a 13 percent increase from $53,000 to $6,000.
The coin's most recent fast rise occurred in the past two days, when it went from a value of $54,000 to its current record value of $60,000.
With Bitcoin hitting $60,000 in only a few days after many months, do you believe it can reach its April high by the end of the year?
