Bitcoin, the most expensive digital currency in the world, is trading at its highest level since mid-April at the closing session of the week today, Friday, 15 October, at levels of $61,324 thousand, an increase of about 7.17% and increases of more than 13% in the last seven trading sessions, to exceed the market value of one trillion and 160 Billion dollar .
Support for the bitcoin currency comes during today’s trading session, amid rising expectations that the Securities and Exchange Commission will approve the first bitcoin ETF early next week, as it appears that SEC Chairman Gary Gensler is about to approve the fund, according to a source familiar with the matter. The decision-making process within the committee preferred to remain anonymous.
With the rise of Bitcoin and its market value, the combined market value of digital currencies rises to more than 2.59 trillion dollars, an increase of about 3.8%, according to Coingecko, which includes more than 9,751 thousand digital currencies, of which Bitcoin represents about 44.8%, with a net liquidity of today only estimated at 160 billion dollars.