Bitcoin price reclaims $64k as BTC hits highest ever daily close

1 month ago 14
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BTC/USD touched an intraday precocious of $64,500 connected Coinbase connected Tuesday

Bitcoin roseate arsenic precocious arsenic $64,500 connected Tuesday, with the cryptocurrency's worth inching the closest yet to its grounds of $64,805 reached successful April.

Bitcoin's terms enactment this Wednesday has included an intraday precocious of $64,399 connected US crypto exchange Coinbase, indicating a bullish tendency to propulsion for a caller all-time high.

Crypto expert Rekt Capital says Bitcoin's surge supra $64,000 saw the BTC/USD brace interruption the last absorption enactment earlier perchance entering terms discovery. If it does, Bitcoin could widen gains towards $70,000 successful the abbreviated term.

As of writing, Bitcoin is trading adjacent $63,956 with a caller regular candle adjacent higher than Tuesday's $64,303 apt to spot bulls propulsion higher.

BTC terms benefits from ETF news

BTC is seeing accrued buy-side unit a time aft the ProShares Bitcoin Futures ETF debuted connected the New York Stock Exchange nether the ticker awesome BITO.

Data showed that the ProShares Bitcoin Strategy ETF attracted astir $1 cardinal successful regular trading measurement connected the archetypal day. According to TradingView, BITO opened astatine $40.88, saw 20.406 cardinal shares of BITO traded connected the day, and achieved a regular adjacent of $41.94.

The affirmative sentiment besides follows an announcement from starring crypto plus manager Grayscale regarding its plans to person its Bitcoin Trust to a BTC spot ETF.

According to Digital Currency Group CEO Barry Silbert, Grayscale and NYSE person "formally kicked disconnected the process”.

After retreating beneath the captious $64,000 level during aboriginal greeting trades, the world's largest crypto with a $1.2 trillion marketplace headdress has jumped supra the absorption level and is looking apt to smash the all-time precocious price.

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