Bitcoin price hits $ 60,000 for the first time since April after reports came of the upcoming approval of a BTC ETF

Bitcoin price briefly exceeded $ 60,000 for the first time since April 2021. The price was driven by reports suggesting it A Bitcoin futures ETF is expected to start trading in the US next week.

Data from Cointelegraph Markets Pro shows that lBitcoin prices have been in a slow upward trend since the beginning of this month. Before the upward price action began, prices were up around $ 42,000 from September 20 through October 1. The $ 60,000 mark was first broken shortly after 5:00 a.m. (UTC) on the Bitstamp crypto exchange, and Bitcoin is now only 7% away from its all-time high of April 14th at $ 64,804. Since then, the price has fallen slightly and at the time of writing Bitcoin is trading at around $ 59,500.

Bloomberg reported today that Sources familiar with the matter have given positive indications that the Securities Market Commission is likely to approve several Bitcoin futures ETFs for trading next week.

Bitcoin price hits $ 60,000 for the first time since April after reports came of the upcoming approval of a BTC ETF
Bitcoin price hits $ 60,000 for the first time since April after reports came of the upcoming approval of a BTC ETF

Approval rumors have seen the price jump around $ 7,000 in the past seven dayswhich is a 13% increase from $ 53,000 to $ 60,000. The biggest increase took place in the last two days, in which the price of Bitcoin rose from around $ 54,000 to currently $ 60,000.

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