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Bitcoin at $63K, Investors Eye the All-Time High at $69K

Published 03/04/2024, 01:14 PM
Updated 03/04/2024, 01:15 PM
© Alpha Footage Bitcoin at $63K, Investors Eye the All-Time High at $69K
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  • Bitcoin is trading at $63,500 and is just 7% away from its all-time high.
  • The trading volume of the cryptocurrency rose by 51.87% in the last 24 hours.
  • BTC’s price has risen around 47% in the past 30 days.

Bitcoin (BTC), the world’s largest digital currency, has witnessed a 23.5% surge in the past seven days and is now eyeing its all-time high at $69,000, last witnessed in November 2021.

According to CoinMarketCap data, the price of BTC as of 10:37  p.m. ET on Sunday stood at $63,500, and the trading volume of the digital asset surged by 51.87% in the past 24 hours. Furthermore, the market capitalization of Bitcoin stands at $1.2 trillion.

It is crucial to note that Bitcoin is just 7.37% shy of its all-time high, and in the past 30 days, it has gone up by 47.2%, followed by a 183.8% increase in the past year, as per CoinGecko.

Notably, the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States has played a major role in driving the prices of the leading cryptocurrency. As reported earlier, the volume of the newly approved nine spot BTC ETFs reached an all-time high of $7.69 billion on February 28 as Bitcoin surpassed $56,000…

The post Bitcoin at $63K, Investors Eye the All-Time High at $69K appeared first on Coin Edition.

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