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HomeBusinessCryptocurrency Prices: Bitcoin Prices Rise, Cross $61,000

Cryptocurrency Prices: Bitcoin Prices Rise, Cross $61,000

Currently, the price of bitcoin is $61,348.

Bitcoin Prices Today: Cryptocurrency prices continue to rise on Saturday. The global cryptocurrency market cap stands at $2.48 trillion, up 4.52 percent since Friday. Whereas the volume of the crypto market has been $ 132.29 billion in the last 24 hours. An increase of 34.73 percent 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 larger 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.

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 percent. 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 has been 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, which is expected by Monday. He believes that regulators are becoming more useful with this, the SEC has started to understand how these assets are stored, secured. So that it can make its place in traditional finance.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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