Bitcoin Hits Record High
Bitcoin reached an all-time high Wednesday, crossing the $66,000 threshold and blowing past the previous high of $64,889 in April. Bitcoin is the most well-known and most-valuable cryptocurrency. Like the entire crypto market, it has had its ups and downs over the last few months. Threats of regulation, a ban in China and concerns over the environmental impact of mining have all taken a toll on the price. As CoinDesk points out, the latest rally is likely being driven by “the launch of the ProShares Bitcoin Strategy ETF, the first exchange-traded fund approved by…
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