POPULAR crypto, Bitcoin, struck a record high today barely 24 hours after its foray onto Wall Street.
While the US dollar was mixed against its main rivals, oil prices retreated.
Bitcoin soared above $65,000, a day after a financial instrument dedicated to the unit made its debut on the New York Stock Exchange.
A new exchange-traded fund linked to bitcoin futures rather than directly to the currency, Bitcoin Strategy ETF, had rose nearly five percent in its first day of trading on Tuesday.
The fund should be a more accessible vehicle for mainstream investors, and could therefore boost trading in the cryptocurrency.
ThinkMarkets analyst, Fawad Razaqzada, said, “There is a possibility that the impact of the ETF’s launch might already be priced in, and we could see some ‘buy-the-rumour, sell-the-fact’ type of reaction in the days ahead.”
Bitcoin, known for its volatility, could also “easily break the record high, before potentially climbing towards $70,000… which is the next psychological hurdle,” he added.
