Bitcoin hits 3-year peak, nears record high on U.S. ETF approval talk

Reuters ----- Digital currency bitcoin hit its highest levels in more than three years on Thursday and came within $3 of an all-time peak, on speculation that the first bitcoin exchange-traded fund (ETF) is set to receive approval from the U.S. financial regulator. Traditional financial players have largely shunned the web-based "cryptocurrency", viewing it as too volatile, complicated and risky, and doubting its inherent value. Having already risen about 17 percent this year, it added 3 percent more on the day to hit $1,160 per bitcoin on Europe's Bitstamp exchange, just shy of an all-time high of $1,163 reached in November 2013 BTC=BTSP. For more on bitcoin hitting a 3-year peak, nearing record high on U.S. ETF approval talk click on the picture below to read more.