Bitcoin crossed the $ 60,000 mark for the first time since April 2021. The price was determined by reports suggesting that a Bitcoin futures ETF is expected to start trading in the United States next week.
Data from Cointelegraph Markets Pro indicates that Bitcoin prices have slowly risen since the start of this month. Before the bullish price action began, prices hovered around $ 42,000 from September 20 to October 1. The $ 60,000 mark was first crossed in Bitstamp’s wallet just after 5 a.m. (UTC) and Bitcoin is just 7% away from recovering its April 14 high of $ 64,804 .
Bloomberg reported today that sources familiar with the matter have issued positive indications that the Securities and Exchange Commission will likely approve a series of Bitcoin futures ETFs to start trading next week.
Rumors of the impending approval have seen a price increase of around $ 7,000 over the past 7 days, which equates to a 13% increase from $ 53,000 to $ 60,000. The strongest rise was seen over the past two days, during which Bitcoin rose from around $ 54,000 to our limit of $ 60,000.