Bitcoin price passes $66K in new all-time high

Bitcoin's 52 week range: $64,888 to $11,905

Bitcoin surged to a new all-time high on Wednesday trading above the $66,000 level one day after the launch of the first Bitcoin exchange-traded fund, Proshares Bitcoin Strategy ETF. 

Ticker Security Last Change Change %
BITO PROSHARES TRUST BITCOIN STRATEGY ETF 27.75 +1.11 +4.17%

U.S. stocks also rallied in tandem. The Dow Jones Industrial Average also hit a new high Wednesday afternoon, with the S&P 500 just shy of its. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 37775.38 +22.07 +0.06%
SP500 S&P 500 5011.12 -11.09 -0.22%

The world's largest cryptocurrency by market value hit $66,974.77 in tandem with the start of U.S. stock trading, as tracked by Coindesk. 

Bitcoin Foundation Chairman Brock Pierce described the approval of the ETF as a "watershed" moment ushering in an "era where retail investors can invest directly into Bitcoin." 

Before Wednesday, the 52-week range has lofted between $64,888 and $11,905.

.