Price of Bitcoin approached historical record: Cause

Bitcoin quotes on October 20 approached the historical maximum and reached 64,453 dollars. It is reported by EPRAVDA.COM with reference to CoingEcko, Bloomberg.

The last record of $ 64,804 was installed on April 14. After falling, Bitcoin resumed growth in early October.

However, against the background of the release of the first Bitcoin of the Indian Fund to the New York Stock Exchange, the price of the asset jumped. This fund, Proshares Bitcoin Strategy, will invest in cryptocurrency futures.

First, the quotation increased due to the conviction of traders in the fact that the American regulator agrees futures ETF, however, with its release to the stock exchange, prices jumped to record levels.

Proshares Bitcoin Strategy is traded under the Bito ticker, October 19, quotes rose by 4.9% to $ 41.94. With an income of about 1 billion dollars, Bito became the second largest foundation based on the results of the first day on the stock exchange after the Blackrock Foundation.

Bitcoin himself rose 2.7% to 64,453 dollars during the bidding October 20th.