Bitcoin tops $72,000 for the first time as rally builds steam

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Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. Bitcoin won further support Monday after Britain's Financial Conduct Authority watchdog said it would join US regulators by allowing the creation of crypto-related securities.Reuters..

The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price...

Bitcoin won further support Monday after Britain's Financial Conduct Authority watchdog said it would join US regulators by allowing the creation of crypto-related securities...

US authorities earlier this year gave the green light to exchange-traded funds (ETFs) pegged to bitcoin's spot price, making it easier for mainstream investors to add the unit to their portfolio...

"This (FCA statement) suggests that crypto is going mainstream, and not just bitcoin but also other established coins," XTB analyst Kathleen Brooks told AFP...