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26 February, 2017

Bitcoin price hits 3-year record, striving to beat 2013 high

The digital currency has reached its three-year high amid mounting expectations that the US Securities and Exchange Commission could soon approve the establishment of first Bitcoin exchange-traded fund.

As of Friday, Bitcoin was trading at a record high of 1,219.24, according to Xe.com, which tracks Bitcoin and other currency rates.

The all-time high was $1,230.68, reached on December 4, 2013, according to Xe.com.

The digital currency’s rate came amid speculation that the US Securities and Exchange Commission (SEC) could approve the establishment of the first Bitcoin exchange-traded fund, Reuters reported.

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