Bitcoin: $6420 mark reached

Another historic maximum of first cryptocurrency reached
31 October 2017   1156

On Tuesday, October 31, Bitcoin updated the new price maximum. At the 14:33 GMT, 31.10.2017, price of BTC at Bitfinex reached $6420.0. Market capitalization at the same time is over $ 105 billion.

Bitfinex Bitcoin price chart
Bitfinex Bitcoin price chart

The rise in the price of BTC is taking place against the backdrop of fresh news that the CME Group plans to launch Bitcoins futures contracts trading by the end of the year.

At the moment of press, average Bitcoin price is $6379.09 with $1.8B 24 hours trading volume.

24 hours Bitcoin average price chart
24 hours Bitcoin average price chart

Last price record ($6330) was detected at Sunday, 29.10.2017. 

SEC to Decide on Bitcoin ETF until Feb 27 2019

Despite this news, Bitcoin price hit another bottom - $3400 this time
07 December 2018   100

The US Securities and Exchange Commission (SEC) issued a notice stating that consideration of a decision on an application to start Bitcoin-ETF from VanEck and SolidX with the assistance of CBOE will last until February 27 of next year.

According to the SEC rules, the period for consideration of this decision cannot be extended yet. Thus, the Commission on maximum uses the allotted time, and February 27 will be the final date for the decision on this application.

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.

Securities and Exchange Commision

According to representatives of the SEC, to date, the Commision has received more than 1600 comments on this application.

Despite this news, Bitcoin price hit another bottom - $3400 this time.