LONDON. The bitcoin price reached its highest level in a year yesterday, after several days of rises, driven in particular by the interest of large Wall Street groups.
Recent announcements about financial product projects backed by this cryptocurrency boosted the price of bitcoin in recent sessions.
Its price shot up more than 4 percent on Friday to $31,410.93, its highest level since June 2022. On the same date last year, the digital asset was around $21,000.
When the best known of the cryptocurrencies was born in October 2009, it was quoted at 0.00076 dollars.
Since then it has experienced strong volatility, reaching almost $69,000 in November 2021, but also falling sharply in 2022.
The cryptocurrency market as a whole is currently worth approximately $1.235 trillion dollars, of which almost 50 percent corresponds to bitcoin, according to the CoinGecko website.
“The cryptocurrency market continues to buzz at the idea of a bitcoin-linked financial product in the United States,” which would allow investors to bet on the virtual currency as a regulated financial product, said Edward Moya, an analyst at Oanda.
The world’s leading asset manager, BlackRock, filed a request to that effect in mid-June with the US market watchdog, the Securities and Exchange Commission (SEC).
In a document delivered to the regulator, BlackRock specifies its intention for the index fund to be called iShares Bitcoin Trust and have the company Coinbase as its depository partner for Bitcoin.
That initiative reassured investors, as cryptocurrency reporting recently focused on SEC warnings against trading platforms, dedicated to buying and selling crypto assets.
Earlier this month, the Commission’s unprecedented lawsuit against the two largest cryptocurrency platforms, Binance and Coinbase, rocked that market, accusing them of regulatory violations and also acting as unregistered brokers.
➡️ Subscribe to our Newsletter and receive the most relevant notes in your email
In total, there are 61 tokens that the US regulator has accused of being unregulated or registered securities in recent years.
Before Coinbase and Binance, the SEC moved against FTX, run by so-called Crypto King Sam Bankman-Fried, whom prosecutors accused of running “one of the largest financial frauds” in US history.
2023-06-24 08:00:00
#Bitcoin #climbs #maximum #year #Sol #México
