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Bitcoin hits new record high of close to $72,000 as UK green lights crypto exchange-traded products

Bitcoin has soared to a new all-time high as the UK’s financial services regulator has confirmed it will allow cryptocurrency-linked exchange-traded products for professional investors. The worlds’ most popular cryptocurrency rose past $71,000 (£55,272) to hit a record $71,830.99 earlier today. This is a slight increase of three per cent in the past 24 hours, according to market data provided by Binance. The Financial Conduct Authority (FCA) has confirmed it would “not object” to the launch of cryptoasset-backed exchange-traded notes for the first time. This decision by the FCA comes following…