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Bitcoin is closing in on $1,500

Bitcoin is trading at fresh all-time highs on Tuesday. The cryptocurrency hit a record $1,484.68 before paring its gains. Now, it's trading up 4.2% at $1477.10 a coin as of 8:03 a.m. ET.

Tuesday's advance has the bitcoin on track for its 11th gain in the past 12 sessions, and marks a second straight day of record highs.

Bitcoin's latest streak comes after the US Securities and Exchange Commission announced last week that it will reconsider the Winklevoss ETF. A ruling will be announced no later than May 15.

http://www.businessinsider.com/bitcoin-price-closing-in-on-1500-2017-5

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