Bitcoin
BTC$66 661.99

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ETH$3 091.54

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USDT$0.999955

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The price of Bitcoin jumped towards its all-time high on Friday morning


18 Oct 2021

#Bitcoin

The price of Bitcoin jumped towards its all-time high on Friday morning after a Bloomberg report said the US Securities and Exchange Commission (SEC) is set to allow a US Bitcoin Futures ETF to begin trading next week, citing people familiar with the matter. Hopes that a Bitcoin futures ETF would be approved by the SEC have supported the price in recent weeks. Some exchanges show the world’s largest cryptocurrency reached $60,000 on Friday morning following the Bloomberg story. Bitcoin previously hit an all-time high in April of $64,778.

The approval of a Bitcoin ETF would give more opportunity to traders willing to invest in cryptocurrencies without the risk of buying the physical asset and is seen as a major stepping stone on the path for cryptocurrencies to become a mainstream financial market asset.

There are a number of fund managers with applications for a Bitcoin futures ETF including ProShares, Valkyrie, Invesco, and VanEck. Earlier this week, Cathie Wood’s ARK Invest also filed for a Bitcoin futures ETF.

SEC Tweet

Further adding weight to the argument that the first Bitcoin futures ETF will begin trading was a tweet from the SEC’s Investor Education Office. 

“Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits,” the tweet said.

It is worth nothing that one of the previous times the SEC tweeted out this bulletin was two days prior to the Bitcoin Strategy Mutual Fund BTCFX begun trading. Some analysts have taken this as a signal that a Bitcoin futures ETF will begin trading imminently. At 11:00BST, Bitcoin was trading just off its daily high at $59,366.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 84.8% 19 $66 661.99 -0.78% 9.21% $1 313 286 357 219 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 88.4% 20 $3 091.54 -1.38% 7.12% $371 376 449 299 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.999955 -0.01% 0.03% $111 429 922 801 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 89.6% 6 $576.30 -0.90% -1.94% $85 054 179 016 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 75.2% 42 $172.54 -0.95% 22.98% $77 471 147 278 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000055 0.01% 0% $33 497 191 204 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 88.8% 8 $0.512600 -2.07% 4.18% $28 341 122 489 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 70.8% 65 $6.34 -1.61% -7.69% $22 023 425 481 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 79.2% 30 $0.151251 -3.02% 10.32% $21 834 921 284 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 86% 23 $0.469351 -2.51% 9.51% $16 746 496 038 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.4% 41 $0.000024 -4.51% 9.69% $14 044 244 503 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 80% 38 $36.06 -4.38% 11.66% $13 802 975 866 AVAX 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.6% 18 $0.121333 -0.92% -4.35% $10 609 537 077 WTRX 7 days price change
14 TRON (TRX) TRX TRON predictions 86% 21 $0.121321 -0.96% -4.20% $10 608 524 161 TRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 89.2% 18 $66 645.37 -0.66% 9.24% $10 363 126 056 WBTC 7 days price change

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