Reuters
Bitcoin nears $60,000 as investors eye first U.S. ETFs
The world’s biggest cryptocurrency rose nearly 4% to as high as $59,664, its highest since mid-April. The U.S. Securities and Exchange Commission (SEC) is poised to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported on Thursday, citing people familiar with the matter. Ben Caselin, head of research and strategy at Asia-based cryptocurrency exchange AAX, said bitcoin’s spike above $59,000 wasn’t arbitrary and long-term investors had been accumulating it for a while.