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Bitcoin’s strong start to October has continued this week, with the largest cryptocurrency by market cap above $60k per Bitcoin

 Bitcoin’s strong start to October has continued this week, with the largest cryptocurrency by market cap firmly establishing itself above the $60k mark over the weekend. Bitcoin is currently changing hands for around $64k – within touching distance of the all-time high price set in April. The total cryptocurrency market has already managed to set a new all-time high though, topping more than $2.5 trillion on Monday. Will Bitcoin follow just behind?

 

The big news this week has been the launch of the first US futures-based bitcoin exchange-traded product (ETF) on the New York Stock Exchange, a milestone that some speculate could spark a fresh wave of institutional investment. The anticipation has already been credited as a factor in Bitcoin’s gains this month, now up around 30% from $44k on the first of October. The increase also means that it has now more than doubled in price since July, when the market leader’s price fell to just $30,000 join us on Bitcoin mining network here on TELEGRAM


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