Bitcoin reached an all-time high of $73 664 on Wednesday, before paring its rise slightly to trade at around $73 180 as of 7:50 a.m. in New York.
Bitcoin hit a fresh record high for the fourth time in six days, bolstered by record-breaking inflows into US exchange-traded funds tied to the cryptocurrency. The world’s largest cryptocurrency reached an all-time high of $73 664 on Wednesday, before paring its rise slightly to trade at around $73 180 as of 7:50 a.m. in New York.
Bitcoin’s weekly issuance of roughly 6 300 tokens is “utterly dwarfed” when contrasted against the ETFs’ token demand from past weeks, Villegas said, the latter of which is about 40 000 tokens. Other cryptocurrencies have been similarly lifted by renewed interest in the asset class. Ether traded as much as 3.3% higher on Wednesday, hitting a one-day peak just shy of the $4 092 record high it set a day earlier.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market Discussion: WeBuyCars Listing, Nikkei 225, ETF Delisting, and Bitcoin HalvingSanlam Private Wealth’s Nick Kunze discusses markets, WeBuyCars listing, Nikkei 225 reaching all-time highs, etfSA's explanation of ETF delisting, and Petri Redelinghuys from Herenya Capital Advisors talks about the Bitcoin halving and its expected impact.
Read more »
Bitcoin bounces above $64 000 as records beckonBitcoin scaled a two-year high on Monday, breaking $64 000, taking it within striking distance of record levels.
Read more »
Bitcoin tops $70 000 for the first timeBitcoin briefly rallied to a record high as crypto mania continued to sweep through the investment community.
Read more »
Less than 9 000 tickets remainingSoweto Derby | Less than 9 000 tickets remaining
Read more »
Why Bitcoin retreated after hitting record R1.3mInvestments | Why Bitcoin retreated after hitting record R1.3m
Read more »
‘This has been an emotional rollercoaster’ –Rosette Ncwana’s R500 000 loss revealed25 disgruntled Ananda Aesthetics customers who have communicated with Ncwana about how the business’ products have affected them
Read more »