Bitcoin has once more surpassed its previous highest point of $69,210, established on March 5, 2024, as documented by Bitstamp. Currently, the digital currency holds steady above the $68,000 mark, having outdone its prior peak and ascended to $70,184 per coin.
Bitcoin Sets New Record, Climbs Above $70,000 Mark; Ethereum Hits $4K Milestone
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New Peaks: Bitcoin Tops $70,000 While Ethereum Briefly Crosses $4,000
The value of bitcoin in U.S. dollars has climbed by 34.9% in the last two weeks and by 60.5% over the preceding month, once more surpassing its earlier price record. The record-breaking milestone was achieved at 10:25 a.m. Eastern Time on Friday.
Current figures show BTC shorts totaling $20.47 million have been liquidated within the 1-hour period. By 10:31 a.m. on the same day, the unit price on Bitstamp had soared to $70,184.
After BTC tapped the $70,184 mark, the price swiftly dropped below the $69,000 threshold. So far, BTC has remained above the $60,000 range for a total of ten days in 2024. It has broken its 2021 record two times so far, and many expect more fireworks to happen this year.
While BTC reached $70,184, ethereum (ETH) hit the $4,000 range for the first time since 2021. However, the price did not last long and ETH is now below the $4K threshold.
What do you think about bitcoin breaking its record on Friday? Share your thoughts and opinions about this subject in the comments section below.
About the author
WRITTEN BYJamie RedmanNews Lead
Jamie Redman is the News Lead at Bitcoin.com News and a financial technology journalist based in Massachusetts.
