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Bitcoin Breaks Record, Surpasses $69,000 for the First Time Since 2021

Published 03/05/2024, 11:26 PM
Updated 03/05/2024, 11:45 PM
© Reuters. Bitcoin Breaks Record, Surpasses $69,000 for the First Time Since 2021
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  • Bitcoin price surpassed $69,000 for the first time ever.

  • This marks a new all-time high, breaking the previous record set in November 2021.

  • The surge comes amidst a broader cryptocurrency market rally.

In a historic moment, Bitcoin surged past its previous record, reaching an all-time high of over $69,000. This surpasses the peak it achieved in November 2021, marking a significant milestone in the cryptocurrency’s journey.

The new record signifies Bitcoin’s growing market cap, now exceeding $1.35 trillion – a figure on par with the global value of silver. This surge is attributed, in part, to the launch of several US Bitcoin spot ETFs in January, which opened doors for institutional investment opportunities previously unavailable.

Interestingly, Tuesday’s rally appears to be linked to the US stock market opening, a trend potentially influenced by the increasing role of ETFs in daily Bitcoin trading volume. As of this writing, Bitcoin sits at a price of $69,101.

This record isn’t just about US dollars. Bitcoin has already reached all-time highs against various other currencies, including the Australian dollar, Canadian dollar, euro, and British pound…

The post Bitcoin Breaks Record, Surpasses $69,000 for the First Time Since 2021 appeared first on Coin Edition.

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