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 10.64 +0.10 +0.95%

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 34429.88 +34.87 +0.10%
SP500 S&P 500 4071.7 -4.87 -0.12%

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.

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