The leading cryptocurrency has set a new all-time high again as its rally continues.
BTC tops the $66k level to set a new all-time high
Bitcoin has been performing excellently since the start of the month. The leading cryptocurrency went through a bearish period in the second and third quarters of the year. However, it has now embarked on another bullish run and has set a new all-time high.
Bitcoin surpassed the $66,000 mark a few minutes ago, reaching the $66,200 level following a 6% surge in its price over the past few hours. This is the first time Bitcoin has set a new all-time high in months after topping the $64k level in April this year.
Some market analysts and participants expect Bitcoin to reach $100k before the end of the year. To do so, Bitcoin would have to rise by more than 50% from its current trading price.
ProShares Bitcoin futures ETF set a record opening day trading volume
Bitcoin reaching a new all-time high coincided with the launch and excellent performance of the ProShar
es Bitcoin futures ETF. Cryptonary reported yesterday that the Bitcoin futures ETF traded $280 million in its first 20 minutes after getting listed. The fund went on to reach nearly $1 billion in opening day trading volume, setting a record in the process.