The price of the first cryptocurrency has updated the local maximum, having risen in price by 3% over the last day
The price of bitcoin on the Binance crypto exchange exceeded $ 56 thousand. The last time the asset was traded at this level was in mid-May of this year. Over the past day, the first cryptocurrency has risen in price by 3%. The growth since the beginning of October has amounted to almost 30%. Bitcoin capitalization increased to $ 1.05 trillion.
On October 8, it became known that the US Securities and Exchange Commission (SEC) approved an exchange-traded fund called the Volt Bitcoin Revolution ETF. The fund, run by San Francisco-based Volt Equity, will provide retail investors with access to stocks in companies that hold a significant portion of the cryptocurrency on their balance sheets.
Analysts at the investment bank JPMorgan believe that Bitcoin managed to grow to $ 55,000 due to three factors: the growing demand for the asset from institutional investors, the statement of US politicians that they do not plan to impose a ban on cryptocurrencies, and the growing popularity of the Lightning Network protocol.