Bitcoin Value Creeps to Record High

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The value of bitcoin rose slightly on Monday morning. The main cryptocurrency was worth more than $62,000. Bitcoin is thus creeping towards the record value of $64,870 that was reached in April.

 

The value of the world’s most famous digital currency may rise due to the expectation that the American authorities will authorize the launch of a so-called exchange-traded fund (ETF) based on bitcoin.

An ETF, also known as a tracker, tracks the price of an index, in this case, Bitcoin. This would make the cryptocurrency accessible to more investors.

Bitcoin rose more than 2 percent in the past 24 hours, according to CoinMarketCap, which tracks the prices of digital currencies. Digital currency has gained about 10 percent in value in the past seven days.

The price of bitcoin has been on the rise in recent weeks, having previously fallen below $40,000. Since the beginning of this year, the value of bitcoin has more than doubled.

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