Cryptocurrency record! Bitcoin soars past $67,000 level for first time

Bitcoin jumped past $67,000 for the first time to a new all-time high, part of a wider recent rally in the cryptocurrency sector. The world’s largest digital coin by market value gained as much as 2.5% on Tuesday to $67,778, taking out Bitcoin’s last record set on Oct. 20 at just below $67,000. The climb in cryptocurrencies overall has taken their combined value above $3 trillion.

“This breakout in Bitcoin might signal the start of a final push-up for the fourth quarter before the crypto market shows more pronounced consolidation into next year,” Fundstrat said in a technical-strategy report Monday. “Strength in Bitcoin, Ethereum and many other altcoins looks likely in the weeks to come.”

Bitcoin hit its October record following the launch of the first Bitcoin-linked exchange-traded fund for U.S. investors. The ProShares Bitcoin Strategy ETF, which tracks Bitcoin futures, drew more than $1.2 billion in volume on its debut.