Bitcoin's price reaches a new all-time high above $66,000

Bitcoin's price has been on a tear since the last few trading sessions. It has now reached a new all-time high above $66,000. The cryptocurrency was changing hands at around $66,040 at the time of publication.


Bitcoin's previous all-time high price was around $64,900, reached in mid-April of this year. The global cryptocurrency market cap is also at its all-time high of $2.7 trillion.

Other cryptocurrencies have also risen at the same time. The price of ether has broken above the $4,000 mark, although not for the first time.

This follows the launch of the first bitcoin ETF in the U.S. The Proshares bitcoin futures-based ETF went live on Tuesday and saw just shy of $1 billion in volumes on its first day.

For more breaking stories like this, make sure to follow The Block on Twitter.

AUTHOR

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on