BTC/USD touched an intraday precocious of $64,500 connected Coinbase connected Tuesday
Bitcoin roseate arsenic precocious arsenic $64,500 connected Tuesday, with the cryptocurrency's worth inching the closest yet to its grounds of $64,805 reached successful April.
Bitcoin's terms enactment this Wednesday has included an intraday precocious of $64,399 connected US crypto exchange Coinbase, indicating a bullish tendency to propulsion for a caller all-time high.
Crypto expert Rekt Capital says Bitcoin's surge supra $64,000 saw the BTC/USD brace interruption the last absorption enactment earlier perchance entering terms discovery. If it does, Bitcoin could widen gains towards $70,000 successful the abbreviated term.
https://twitter.com/rektcapital/status/1450745375892164609
As of writing, Bitcoin is trading adjacent $63,956 with a caller regular candle adjacent higher than Tuesday's $64,303 apt to spot bulls propulsion higher.
BTC terms benefits from ETF news
BTC is seeing accrued buy-side unit a time aft the ProShares Bitcoin Futures ETF debuted connected the New York Stock Exchange nether the ticker awesome BITO.
Data showed that the ProShares Bitcoin Strategy ETF attracted astir $1 cardinal successful regular trading measurement connected the archetypal day. According to TradingView, BITO opened astatine $40.88, saw 20.406 cardinal shares of BITO traded connected the day, and achieved a regular adjacent of $41.94.
The affirmative sentiment besides follows an announcement from starring crypto plus manager Grayscale regarding its plans to person its Bitcoin Trust to a BTC spot ETF.
According to Digital Currency Group CEO Barry Silbert, Grayscale and NYSE person "formally kicked disconnected the process”.
https://twitter.com/BarrySilbert/status/1450448566615527425
After retreating beneath the captious $64,000 level during aboriginal greeting trades, the world's largest crypto with a $1.2 trillion marketplace headdress has jumped supra the absorption level and is looking apt to smash the all-time precocious price.