Bitcoins price neared its alltime high of 61,712 early Saturday while ether ETH, 0.12 set a new alltime high at 2,190. According to CoinDesks Bitcoin price page, the leading cryptocurrency traded above 60,000 for the first time in nearly a month after spending weeks vacillating between 52,000 and the upper 50,000s. Bitcoin pulled back marginally after peaking around 60,900, though it remains above the psychological marker as of press time.
Bitcoin bulls were further bolstered on Friday by the idea that an exchangetraded fund ETF with exposure to the digital asset space might be approved in 2021, after the Securities and Exchange Commission SEC confirmed it was reviewing ETF giant WisdomTrees application. The regulator previously began reviewing VanEcks ETF application last month, and another six companies have filed initial registration forms declaring their own efforts to launch a regulated bitcoin BTC, 0.38 investment vehicle.
The broader digital asset space has seen tremendous froth over the past few months, with investors and industry participants trading heavily in decentralized finance tools, nonfungible tokens and altcoins like doge, which hit a peak of 0.08 in February, eight times its value a month earlier.