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Bitcoin jumps to new record above $65,000 after landmark U.S. ETF launch
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cnbc.comIn this article
Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund.
The world's largest cryptocurrency climbed about 3% to $66,024.99 by 10:10 a.m. ET, topping a previous record of $64,899 set in mid-April.
Bullish comments from a legendary trader also boosted sentiment. Billionaire investor Paul Tudor Jones called crypto his preferred inflation hedge over gold.
«Bitcoin would be a great hedge. Crypto would be a great hedge,» Jones told CNBC's «Squawk Box» on Wednesday. «There's a plan in place for crypto and clearly it's winning the race against gold at the moment… I would think that would also be in very good inflation hedge. It would be my
Read more on cnbc.comAbout this in other media
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