https://www.vice.com/en_us/article/v7d47b/bitcoin-just-hit-an-all-time-high-price-dollar67000

The price of Bitcoin hit an all time high on Wednesday, one day after the first Bitcoin futures exchange-traded fund (ETF) launched. At its height, the cryptocurrency was trading for $67,016.50, several thousand more than its $64,895.22 high in April. As of this writing, it’s currently trading around $66,000.

The reason Bitcoin is exploding right now is two-fold. The first is all about memes, groupthink, and rallying cries. The cryptocurrency dipped to around $28,000 over the summer amid fears that Washington would soon regulate decentralized financial markets. When the price went low, crypto enthusiasts encouraged others to “buy the dip,” believing as Bitcoiners often do that the price would inevitably bounce back and that around $30 grand for 1 BTC was a solid investment.