Bitcoin Hits All-Time High Above $72,000 on Trading Accessibility and Dollar Weakness

Bitcoin raced to an all-time peak above $72,000 Monday as the world’s most popular cryptocurrency won further support on greater trading accessibility and dollar weakness . Monday’s spurt extended last week’s record-breaking run when the currency bulldozed its way past the previous November 2021 pinnacle of $68,991. Bitcoin won further support Monday after Britain’s Financial Conduct Authority watchdog said it would join US regulators by allowing the creation of crypto-related securities .

US authorities earlier this year gave the green light to exchange-traded funds (ETFs) pegged to bitcoin’s spot price, making it easier for mainstream investors to add the unit to their portfolio. “This (FCA statement) suggests that crypto is going mainstream, and not just bitcoin but also other established coins,” XTB analyst Kathleen Brooks told AFP. “We know that the demand is there, and this comes on the back of $10 billion of inflows into bitcoin ETFs in the United State

Source: Digital Coin News (digitalcoinnews.net)

Bitcoin All-Time High Cryptocurrency Trading Accessibility Dollar Weakness Financial Conduct Authority Crypto-Related Securities Exchange-Traded Funds Mainstream Investors

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