The price of bitcoin passed $57,000 for the first time since May, lifting it closer to its record high above $65,000 reached in April. Over the last week, prices have rallied on buzz that the Securities and Exchange Commission was getting closer to approving an exchange-traded fund holding bitcoin futures and comments from the heads of the Securities Exchange Commission and Federal Reserve that they won’t ban crypto.
Bitcoin’s rise could attract new retail investors, a potential boon for startups like MoonPay, which allows people to use credit cards to directly buy cryptocurrencies and non-fungible tokens (NFTs) from marketplaces such as Bitcoin.com and OpenSea. The company is raising $400 million, its first round of venture capital, at a $3.4 billion valuation, from investors co-led by Tiger Global Management and Coatue Management, my colleague Kate Clark reported Monday.
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