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Bitcoin price rockets to all-time high, topping $65,000

The cryptocurrency's price is climbing.

Julian Dossett Writer
Julian is a staff writer at CNET. He's covered a range of topics, such as tech, travel, sports and commerce. His past work has appeared at print and online publications, including New Mexico Magazine, TV Guide, Mental Floss and NextAdvisor with TIME. On his days off, you can find him at Isotopes Park in Albuquerque watching the ballgame.
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One day after the the first Bitcoin-linked ETF made its debut on the New York Stock Exchange, the price of Bitcoin rose above $65,000 -- an all-time high for the cryptocurrency. As ProShares Bitcoin Strategy ETF began trading Tuesday morning, the price of Bitcoin began to tick upward, not quite breaking the $65,000 mark -- until today.

 As of Wednesday morning, the price of Bitcoin is now over $66,000 and climbing. This marks a significant increase in the cryptocurrency's value from September. At September's end, Bitcoin's price hovered around $43,000. It's been rising steadily ever since. 

Just in the last seven days, the price of Bitcoin has risen over 17%. More Bitcoin-linked ETFs are under review by the Securities and Exchange Commission. Investors could soon see new exchange-traded funds in the same vein as ProShares Bitcoin Strategy ETF. It will be interesting to see how Bitcoin prices shift with new Bitcoin-linked financial instruments, as they are made available to mainstream investors. 

Watch: What is Bitcoin's true environmental impact?

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