Bitcoin Hits New All-Time High Above $65K

Bitcoin, the world's largest cryptocurrency by market capitalization, has hit a new all-time high above $65,000. From a report: The crypto broke above its previous high of $64,889 reached in April. Bitcoin is currently changing hands for around $65,607, up 4.2% over the past 24 hours. The latest rally pushed bitcoin's year-to-date terms to 122%, according to CoinDesk data. The largest cryptocurrency appears to have gotten a push on Tuesday from the launch of the ProShares Bitcoin Strategy ETF, the first exchange-traded fund approved by the U.S. Securities and Exchange Commission to invest in bitcoin futures. Indeed, the new fund, traded on the New York Stock Exchange under the ticker $BITO, garnered a first-day trading volume of more than $1 billion, ranking it among the most successful launches of all time.

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