Bitcoin tops $66,000, sets record as crypto goes mainstream
ABC News
Bitcoin rallied to a record Wednesday, topping $66,000 for the first time, on a wave of excitement about how the financial establishment is increasingly accepting the digital currency’s rise
NEW YORK -- Bitcoin rallied to a record Wednesday, topping $66,000 for the first time, amid a wave of excitement about how the financial establishment is increasingly accepting the digital currency's rise.
Bitcoin was trading at $66,439, up 5.9%, as of 12:40 p.m. Eastern time, after earlier climbing as high as $66,974.77. It has roared back after sinking below $30,000 during the summer to top its prior record set in April. That previous all-time high was nearly $64,889, according to CoinDesk.
The surge has come as more businesses, professional investors and even the government of El Salvador buy into Bitcoin, further broadening its base beyond its initial core of fanatics.
The latest converts came into the world of crypto on Tuesday, when the first exchange-traded fund linked to Bitcoin found huge interest from investors. Shares of the ProShares BitCoin Strategy ETF changed hands 24.1 million times in a resounding debut. It was off to another strong start Wednesday, with volume topping 19.6 million within the first three hours of trading.
