» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 45 | NO. 42 | Friday, October 15, 2021

Bitcoin sets high, tops $66,000 on mainstreaming excitement

Print | Front Page | Email this story

NEW YORK (AP) — Bitcoin jumped to a record high Wednesday morning, topping $66,000, as it rides a wave of excitement about getting further mainstreamed by the financial establishment.

Bitcoin was trading at $66,109 as of 10:04 a.m. Eastern time. It's rallied back after sinking below $30,000 during the summer to top its prior record set in April. That prior all-time high was nearly $64,889, according to Coindesk.

A day earlier, the first exchange-traded fund linked to Bitcoin attracted huge interest from investors looking to get into the surging field of cryptocurrencies. Shares of the ProShares BitCoin Strategy ETF changed hands 24.1 million in a resounding debut.

The ETF doesn't invest directly in Bitcoin. It instead invests in the futures market tied to Bitcoin, but the industry sees the ETF as offering a way for a new class of investors to get involved in Bitcoin.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0