The cryptocurrency hit a high of US$69,202, topping November 2021’s all-time peak of US$68,999.99.
Bitcoin’s meteoric nearly 160% ascent since October marks a sharp contrast to 2022 when the market was beaten into an 18-month-long crypto winter. hit a record high today, fuelled by investors pouring money into US spot exchange-traded crypto products and the prospect that global interest rates may fall.
Bitcoin’s meteoric nearly 160% ascent since October, of which 44% came in February alone, marks a sharp contrast to 2022 when the market was beaten into an 18-month-long crypto winter, plagued by a string of high-profile corporate bankruptcies and scandals. “The Bitcoin all-time high marks a turning point for crypto,” said Nathan McCauley, chief executive officer and co-founder of crypto platform Anchorage Digital. “Traditional institutions were once sitting out; today, they are here in full force as the principal drivers of the crypto bull market.”
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