The digital
currency has reached its three-year high amid mounting expectations
that the US Securities and Exchange Commission could soon approve the
establishment of first Bitcoin exchange-traded fund.
As of
Friday, Bitcoin was trading at a record high of 1,219.24, according
to Xe.com, which tracks Bitcoin and other currency rates.
The all-time
high was $1,230.68, reached on December 4, 2013, according to Xe.com.
The digital
currency’s rate came amid speculation that the US Securities and
Exchange Commission (SEC) could approve the establishment of the
first Bitcoin exchange-traded fund, Reuters reported.
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