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bitcoin latest price: bitcoin inches to 62,000 dollar: bitcoin price reached near $ 62,000

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bitcoin latest price: bitcoin inches to 62,000 dollar: bitcoin price reached near $ 62,000

Highlights

  • Bitcoin Price Reached Close to $62,000 on Saturday
  • Bitcoin ETF may be approved in the US in the next few years
  • Bitcoin price continues to rise on this expectation
  • Its price reached close to $ 65,000 in mid-April.

New Delhi
The price of Bitcoin, the world’s largest cryptocurrency, reached close to $62,000 on Saturday. Its price has reached this level for the first time in almost 6 months. US regulators are expected to approve the country’s first bitcoin exchange-traded fund (ETF) in the next few days. On this expectation, the price of bitcoin continues to rise and it has reached near its record high. In mid-April, its price had reached close to $ 65,000.

According to crypto exchange WazirX, at 12.30 in the afternoon, it was trading at $ 61720 i.e. Rs 47,90,152 with a gain of 3.67 percent. Ether, the world’s second largest cryptocurrency, was also trading 0.24 per cent higher at Rs 3836. The cryptocurrency Dogecoin, which started as a joke, has jumped 2.17 percent in price. Meanwhile, the price of NKN has risen by 52.40 per cent, KEEP by 27 per cent and that of 18 per cent.

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bitcoin etf
Cryptocurrency investors await approval for the first bitcoin ETF in the US. This is considered as a step towards mainstream adoption of digital assets. The US Securities and Exchange Commission (SEC) may allow the US’s first bitcoin futures ETF to run as early as next week, according to Bloomberg News. Several fund managers have applied to launch bitcoin ETFs in the US, including VanEck Bitcoin Trust, ProShares, Invesco, Valkyrie and Galaxy Digital Funds. Crypto ETFs have been launched this year in Canada and Europe.

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