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

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

Spil of Friday, Bitcoin wasgoed trading at a record high of 1,219.24, according to, which tracks Bitcoin and other currency rates.

The all-time high wasgoed $1,230.68, reached on December Four, 2013, according to

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

The SEC is set to determine by March 11 on approval of an exchange-traded fund (ETF) request filed almost four years ago by Cameron and Tyler Winklevoss. An ETF is normally an investment fund traded on stock exchanges, and includes assets such spil stocks or bonds. Since 2008, establishment of actively managed ETFs is being authorized by the SEC.

If approved te mid-March, it would be the very first Bitcoin ETF issued and regulated te the US. Three separate ETFs tracking the value of bitcoin have bot filed with the SEC for approval.

“If approved this would certainly give a dramatic condoning of Bitcoin by the authorities and powers that be,” Charles Hayter, CEO of digital currency analytics rock-hard Cryptocompare, told Reuters.

The three-year record also comes after a volatile embark of the year, when Bitcoin surged more than 20 procent on the back of large buying rente from China. The currency&rsquo,s price then nosedived 35 procent amid concerns that Beijing wasgoed going to crack down on domestic Bitcoin exchanges trading.

Earlier ter February, the People&rsquo,s Handelsbank of China (PBOC) said it has directed the exchanges not to take part te financial activities such spil margin lending or permit money laundering. If such a disturbance is detected &ldquo,the circumstance will be serious,&rdquo, and an inspection team will close down the offending exchange, PBOC said on their webstek.

Bitcoin cryptocurrency has no issuing or regulating authority, te tegenstelling to conventional currencies.

The legal status of Bitcoin remains knotty and varies substantially from country to country. While some countries have explicitly welcomed its use and trade, others have banned or restricted it. Critics of Bitcoin warn it becomes increasingly attractive for organized crime.

Various media reports optie that child pornography, murder-for-hire services, and weapons are allegedly available on Darknet market sites that sell ter Bitcoin.

Te other cases, Bitcoin is being suggested to average customers exactly spil any other currency. For example, the very first bitcoin ATM wasgoed set up ter Austria three years ago and wasgoed successful enough to inspire the launch of further ones. Vienna now has more than 20 bitcoin-friendly vendors ranging from restaurants, bistros, and caf.

Bitcoin wasgoed the best-performing currency ter 2018, whose value more than doubled during the year. Its 126 procent rally came on the back of strong request ter China.

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