Bitcoin has smashed through $60,000 and towards it’s all time high of $64,000.
The rally in Bitcoin was met with excitement across financial Twitter accounts as the prospect of fresh highs further fuels interest in cryptocurrencies.
Bitcoin 60,000
— zerohedge (@zerohedge) October 15, 2021
BITCOIN CRASHES THROUGH 60K
— Ramp Capital (@RampCapitalLLC) October 15, 2021
Bitcoin traders and investors have faced a volatile month with high profile criticism of crypto causing declines that were bought into by investors.
The news that Bitcoin futures ETFs will go live in the US has been attributed to the recent rally and the SEC has warned investors of the potential risks.
Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits.
— SEC Investor Ed (@SEC_Investor_Ed) October 14, 2021
Check out our Investor Bulletin to learn more: https://t.co/AZbrkpfn8F
"There's a possibility a lot of people feel that you can get a short-term peak, or maybe a real peak as people just run ahead of the ETFs," says @jimcramer on a #Bitcoin ETF approval. "I might cash out half my $ETH." pic.twitter.com/48MJP047yK
— Squawk Box (@SquawkCNBC) October 15, 2021
Bitcoin’s gain comes amid a broad rally in crypto currencies despite JP Morgan Boss Jamie Dimon calling Bitcoin ‘worthless’.