Bitcoin Breaks New All-Time High $66,930

The spot price of bitcoin recorded new all-time high (ATH), almost touching $67,000 per unit, in the aftermath of the launch of the first bitcoin exchange-traded fund (ETF) n the United States. BTC's previous ATH was six months ago on April 14, 2021, the price tapped $64,804 per unit.

The USD value of bitcoin (BTC) has reached a new all-time high. The price has touched $66,930 per coin according to CoinMarketCap, surpassing the digital asset’s previous ATH captured six months ago. At press time, there’s $41 billion in trade volume dedicated to bitcoin (BTC) trading.

Bitcoin’s market cap is $1.256 trillion and it is the sixth most valuable asset as of today.

Year-to-date, bitcoin (BTC) is up 422% in value.

At current prices, bitcoin dominance is currently at 45.4% and ethereum (ETH) dominance is about 17.3%.

Bitcoin’s ATH follows the launch of the Proshares Bitcoin Strategy ETF (BITO) that was listed on October 19, 2021. The bitcoin exchange-traded fund is the first ETF ever to be approved in the United States and it’s based on bitcoin futures markets.

Traded on the New York Stock Exchange under the ticker $BITO, garnered a first-day trading volume of more than $1 billion, ranking it among the most successful launches of all time.

In the coming weeks, several more bitcoin futures-based ETFs may debut in the U.S., opening up the potential for savvy U.S. crypto investors to partake in what is known as a “cash and carry” arbitrage strategy.

These ETFs would buy bitcoin futures contracts, on regulated venues such as the Chicago Mercantile Exchange (CME), in an attempt to replicate the cryptocurrency’s price performance instead of purchasing actual bitcoin.

Source: Bitcoin Breaks New All-Time High $66,930 – Fintechs.fi

Add Comment

Panamanian Port Operators Emphasise Automation and Regional Integration at the Maritime Intelligence Conference in Colombia

Leading executives from the Panamanian maritime sector are negotiating new terminal partnerships and discussing port automation technologies at the TOC Americas logistics confer...

Panama Launches Upgraded Investment Migration Programmes to Attract International Capital and Remote Technology Workers

The Panamanian government has revamped its digital nomad and residency-by-investment visa frameworks, aggressively targeting affluent North American expatriates and internationa...

Panama and Costa Rica Sustain Coordinated Humanitarian Bus Corridors to Secure the Orderly Transit of Northern Migrants

Immigration ministries in Panama and Costa Rica are maintaining highly structured overland transit protocols, using chartered bus convoys to move remaining asylum seekers safely...

Central American Logistics Corridors Face Mounting Pressure to Resolve Cross-Border Freight Bottlenecks Hampering Panamanian Trade

Regional logistics operators are demanding modernised digital customs systems and unified border controls as heavy administrative delays along the Pacific Corridor continue to a...

Panama Deepens Strategic Nearshoring Appeal Through Expanded Mercosur Trade Integration and Central American Diplomatic Alliances

Regional economists report that the ongoing integration of Panama into the Mercosur trade bloc is intensifying pressure on neighbouring Central American nations to modernise cus...

United States Deploys Humanitarian Aid to Panama Following Major Earthquake off the Azuero Peninsula

International disaster response teams are delivering over twenty-eight thousand pounds of emergency relief supplies to coastal communities after a magnitude seven-point-seven ea...

Panamanian Banking Regulators Tighten Financial Technology Compliance Standards to Protect United States Dollar Correspondent Access

The Superintendency of Banks of Panama is intensifying anti-money laundering scrutiny on emerging financial technology platforms, enforcing stricter compliance frameworks to saf...

Tocumen International Airport Exceeds Fourteen Million Passengers as Regional Aviation Connectivity Rebounds

Aviation authorities confirm that Tocumen International Airport handled more than fourteen million transit and destination passengers over a nine-month period, reflecting strong...

Maersk Restructures Gulf Ocean Express Shipping Services to Enhance Cargo Connectivity Through Panamanian Ports

Global shipping company Maersk has updated its regional maritime networks, integrating new direct calls at the ports of Balboa and Manzanillo to streamline container movements b...

Panamanian Service Exports Surpass Eleven Billion United States Dollars Driven by Double-Digit Growth in Transportation and Logistics

The Panamanian Ministry of Commerce and Industries announced that service exports expanded by nearly thirteen percent during the first half of the year, reflecting robust global...

Tocumen International Airport and SATS Sign Strategic Agreement to Expand Air Cargo Connectivity Between Asia and the Americas

Regional aviation hub Tocumen International Airport has formalised a memorandum of understanding with global ground handler SATS to develop new international freight flows, incr...

Panama Canal Authority Allocates One Billion United States Dollars to Accelerate Maritime Decarbonisation and Digital Transformation

Canal administrators have detailed a massive investment strategy to upgrade maritime scheduling algorithms and establish green shipping corridors, offering financial incentives ...

PanamaTimes