Bitcoin Reaches $60,000 For The First Time In Six Months

The world's biggest cryptocurrency, Bitcoin has to a high jump. Recently it raised over 8% and reached $62,307. This made it the highest that Bitcoin has been ever since April. The surge took place after the Security and Exchange Commission took a decision to allow Bitcoin for future trades in Exchange Traded Funds. The Proshares Bitcoin Strategy is to launch at New York Stock Exchange on Tuesday. The approval for bitcoin to be available for trading is considered a landmark for the crypto industry. 

The executive director at Digital Asset Hedge Fund has said that bitcoin can rally up the margin of $65,000, but it can also undergo a short-term pullback. He also warned investors to be aware and stay attentive as it can cross the margin of $60k but they always need to be aware of the market situation to avoid facing any loss.