The digital currency Bitcoin crossed the threshold of $60,000 on Wednesday, February 28, approaching what is considered its highest level ever, coinciding with its continued rise since the approval of a new type of investment exclusively related to this currency.
Published on: 02/29/2024 – 16:52
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Early Wednesday afternoon in London, Bitcoin was trading at about $60,301, which contributed to its approaching the highest levels ever recorded in November of 2021 at $68,991.
Commenting on this rise, Tony Sycamore, an analyst at the brokerage firm EG Market, said in his interview with Reuters that the momentum indicates “a possible test and breakthrough of the value of $69,000, which will bring Bitcoin above the highest record level recorded in the days of high peaks.” Cryptocurrencies in November 2021.
One of the reasons behind the rise
The anticipation of licensing a new investment product linked to Bitcoin in recent months contributed to the rise in prices, which declined significantly at the end of 2022 after the bankruptcy of many giant companies in the digital currency sector.
Since its approval by the US Securities and Exchange Commission on January 10, this new type of investment, an exchange-traded fund linked to Bitcoin, theoretically allows a wider audience to invest in these digital currencies without having to hold them directly.
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It is worth noting that investment products related to digital assets traded on the stock exchange have attracted about $5.7 billion since the beginning of this year, according to figures from the European company “Quinshares”, which specializes in the field of managing alternative assets and digital assets.
2024-02-29 15:52:23
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