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

Bitcoin • October 20, 2021, 9:59AM EDT

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.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.