25.04.201723:00:00UTC+00Bitcoin Near All-Time Record Peak as SEC to Review Bitcoin ETF

Bitcoin is drawing near to its record high as the SEC granted an appeal warranting a reconsideration of a bitcoin-focused ETF.

The virtual currency stood at $1,281.76, up 2.1%, on course for its record high peak of $1,277.65 that was recorded last March 6.

Previously, the federal agency rejected proposals to launch a bitcoin ETF. A few weeks later, it rejected the proposals to unveil a similar investment.

Bitcoin has gained ground in other nations. Japan unveiled the cryptocurrency was classified as a legal tender and a legal payment mode. Then, Russia mentioned it would account all digital currencies in 2018.