Bitcoin flirts with all-time highs post ETF launch

Bitcoin was trading in the green Tuesday after the lunch of the first ETF tied to the cryptocurrency, breaking through previous highs by some measures. The cryptocurrency was changing hands at around $63,450 at time of publication.

According to price aggregator sites like CoinMarketCap, the price has broken through all-time highs. But according to the price at top exchanges like Binance and Coinbase, it still has some room to go.

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The surge comes in the wake of the allowance of the first crypto exchange traded fund (ETF) in the U.S. The ProShares bitcoin futures ETF listed today. When it seemed ProShares was nearing the finish line, the price of bitcoin broke above the $60,0000 mark. That run also saw the global cryptocurrency market cap return to its all-time high of $2.6 trillion.

This post has been updated to clarify that on certain individual exchanges the price has not yet reached an all-time high.

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Aislinn Keely joined The Block in the summer of 2019. She is a member of the outlet's policy team, holding down the legal beat. Before The Block, she lent her voice to the NPR affiliate WFUV, where she reported and anchored newscasts in addition to some podcast work. Aislinn is a proud Fordham Ram and editor-in-chief emerita of its newspaper. When she isn't writing or reporting, Aislinn is running and rock climbing.