After SEC decision
Bitcoin approached its last record high again
Bitcoin rose above 70,000 US dollars again on Monday. The most important cryptocurrency temporarily cost around 70,507 US dollars on the Bitstamp trading platform before the price fell back to around 68,000 dollars. After some turbulence, Bitcoin thus approached the record high of almost USD 73,800 reached in mid-March.
"At the beginning of the week, a few days after an important decision by the US Securities and Exchange Commission (SEC), the most important crypto assets Bitcoin and Ether are in demand again," commented analyst Timo Emden. The price of the second most important cryptocurrency, Ether, approached the USD 4000 mark.
"The recent SEC decision on so-called ether spot ETFs is another stage victory for the entire industry on its way into the investment mainstream," writes Emden. However, investors will have to be patient. After all, a final decision on approval is by no means certain.
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