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Bitcoin rises to the highest since May, is now up 30%.
Bitcoin extended its two-week rally Monday, climbing to the highest level since early May, according to Coin Metrics.
The cryptocurrency last traded more than 3% higher at $57,530.81 after hitting as high as $57,740.82.
The comeback — a gain of another 12% would take it back to its all-time high of about $65,000 — comes amid increasing hopes and expectations that a bitcoin futures ETF could be approved soon. That, along with recent comments from the heads of the Federal Reserve and Securities and Exchange Commission, who said they have no intention of banning bitcoin, seemed to “embolden” investors, Ned Davis Research noted.
If you had invested $10,000 at the start last year, you would have had an approximate profit of $110,000.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
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BizzTradeFX is a registered digital Trading Investment firm based in Germany. The platform, which includes advanced basic and technical analysis at the source of high return performance, offers high & fixed interest return.
Started
Aug 15, 2018 (9:12 AM GMT)Registered
Feb 19, 2019 (13:44 AM GMT)Certified
Nov 31, 2019 (9:00 AM GMT)Published
Dec 5, 2019 (9:00 AM GMT)Interest paid since 2018
$65,921,000
We Accept: BTC, ETH, USDT
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Risk Disclamer: Past Returns Do Not Assure Future Returns. All financial products with a margin involve a certain risk for your capital. They are not suitable for all participants. Please make sure you fully understand the risks involved. Any reference to possible earnings, whether implicit or explicit, is provided for illustrative purposes only. BizzTradeFX Investment does not guarantee profits or any kind of success. Profits depend on the returns, skills and leadership of each Independent Distributor
