Bitcoin, the world’s largest cryptocurrency, climbs more than 2% to $65,607.92, topping a previous record of $64,899 set in April.
A banner for the newly listed ProShares Bitcoin Strategy ETF is displayed on the floor of the New York Stock Exchange on Oct. 19, 2021.Ryan Browne, CNBC
Bullish comments from a legendary trader also boosted sentiment. Billionaire investor Paul Tudor Jones called crypto his preferred inflation hedge over gold. Not everyone in the crypto market was impressed. Several bitcoin investors want an ETF that tracks spot prices rather than futures.
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