Bitcoin stock has surged to its highest since 2021, on its way to breaking a two-year record.
ADVERTISEMENTThe price of cryptocurrency's flagship stock has shot above the €55,000 ($60,000) mark for the first time since November 2021, when it hit a record-high of what today would be the equivalent of above €60,000 ($68,991).
Bitcoin has risen by 43% since the start of the year with a current market value of almost 1.3 billion dollars.
This growth is believed to have been driven by the US Securities and Exchange Commission's authorisation of the launch of exchange-traded funds which hold the cryptocurrency.
Other bitcoin-related equities have also seen success. Bitcoin proxy Microstrategy jumped 10% and crypto exchange Coinbase saw shares rising more than 4%.