The world’s biggest cryptocurrency officially surged to a record-high of $65,000, following the successful launch of the ProShares Bitcoin Strategy ETF.
- The surge came during the second day of trading of the ProShares Bitcoin Strategy exchange-traded fund, the first Bitcoin futures ETF to score the approval of the Securities and Exchange Commission (SEC).
- Analysts believe the digital token will surge even higher in the coming weeks and months, with a number of short corrections for new support levels to be recorded in between.
- Bitcoin’s market capitalization is up 47.4% to record the highest since May, with popular traders flagging that it is currently not the best time to invest in altcoins.
Altcoins are currently predicted to produce a turnaround in the first half of 2022, while Bitcoin is seen to hit $300,000 in the near term.
BITO is up 9.25%, while BTC is up 7.32%.
Source: CoinTelegraph