Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Founder of Crypto Lending Platform Celsius sentenced to 12 years in prison for fraud

2025-05-10

Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

2025-05-10

What Is Proof-of-Authority (PoA)?

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10

    Decentralized AI Society to run Hypercycle Masternode

    2025-05-09

    Agi Open Network Partners with AI Sim for Smarter, faster AI agents

    2025-05-09

    Hela Labs to redefine decentralized data possession in collaboration with Insight Genesis

    2025-05-09

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

    2025-05-09

    XRP analyst marks XDC for 3,350% starts as bullish statistics appear

    2025-05-09

    Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

    2025-05-09

    Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

    2025-05-09

    Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

    2025-05-09
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin rockets past $70,000 and records a new all-time high
Bitcoin

Bitcoin rockets past $70,000 and records a new all-time high

2024-03-10No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin’s price briefly broke records past the $70,000 mark earlier today, signaling a renewed wave of enthusiasm among investors. The top cryptocurrency saw a steady rise all week with a sustained 12% rally, helped by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States.

At the time of writing, Bitcoin has settled within the $69,000 level and is trading at $69,436 with a gain of 2% over the past 24 hours, data from Coingecko shows. Bitcoin peaked at $70,171, surpassing the previous record high set earlier this week.

Notably, the upswing corresponds with the opening of the US stock market, indicating a synchronization of significant crypto movements with traditional stock trading times. This milestone is the result of growing market optimism and expectations surrounding the upcoming halving.

ETF peak and investor sentiment

The recent introduction of Bitcoin ETFs by leading financial institutions such as BlackRock and Fidelity has undoubtedly played a major role in the latest price surge. These ETFs have received tremendous attention and interest from investors, with a staggering $900 million inflows this week alone.

Despite highly volatile market conditions, the successful launch and operation of these ETFs has instilled confidence among crypto market enthusiasts, reinforcing their belief in Bitcoin’s potential.

Bitcoin halving event and supply limit

Bitcoin’s upcoming halving event has been a major topic of discussion among cryptocurrency enthusiasts. This event, which takes place approximately every four years, means that the reward for mining new blocks is halved.

BTCUSD trading at $69.436. Chart: TradingView

The goal of this process is to gradually reduce the rate at which new bitcoins are generated, eventually capping the total supply at 21 million, as outlined in the cryptocurrency’s original white paper. The anticipation surrounding the halving has contributed to the positive sentiment and gradual increase in Bitcoin’s price.

See also  I asked ChatGPT when Bitcoin would reach $30,000, and it asked me to wait another 30 days

Volatility and market corrections

While Bitcoin’s recent rise to new heights is undoubtedly impressive, it is essential to recognize the inherent volatility of the cryptocurrency market. As Antoni Trenchev, co-founder of crypto exchange Nexo, aptly puts it: “Navigating old highs is notoriously tricky, and the bitcoin dam doesn’t tend to burst the first time you ask.”

Bitcoin’s recent sell-off, marked by sudden price drops, is seen by Trenchev as a healthy and necessary correction before further gains can be made. This volatility is a defining feature of bitcoin bull markets, and investors should brace for possible sudden swings.

Bitcoin’s impact on traditional markets

It is worth noting that bitcoin’s price movements are increasingly intertwined with traditional stock trading hours, especially in the United States. The introduction of spot bitcoin ETFs has led to a convergence of crypto and stock market activity during regular trading hours.

This shift has significant implications for investors and traders as it increases the potential for synchronized trading strategies and potentially increases market liquidity.

Looking forward

With Bitcoin recently rising above $70,000, the cryptocurrency market is buzzing with anticipation. As the world’s first-ever digital coin continues to reflect optimism and gradually approaches new heights, investors and enthusiasts are keeping a close eye on its progress.

Featured image from Pexels, chart from TradingView

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.

See also  Explaining Bitcoin holders' changing loyalty to BTC

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin hits $ 100k – so why do BTC ETF stream slow down suddenly?

2025-05-10

Tech Expert predicts Bitcoin of $ 1 million – ‘only one 10x left’

2025-05-09

$ 970 million lost: Bitcoin’s $ 100k Surge triggers mass -reading

2025-05-09

Bitcoin beats Amazon to become the world’s 5th most valuable possession

2025-05-09
Add A Comment

Comments are closed.

Top Posts

Why the service sector needs blockchain, explained

2023-11-13

Crypto Pundit Reignites $ 100 XRP price target, what you need to know

2025-02-15

A shortage of Bitcoin supply could trigger a major BTC chase, says Fundstrat’s Tom Lee

2024-12-04
Editors Picks

OpenSea Pro launches cross-chain trading on Polygon and Ethereum

2023-11-03

Ankr Verify Launches: Simplifying Web3 Identity Verification

2023-12-13

Frog-themed altcoin explodes 32,420% after Elon Musk suddenly changes his username

2025-01-01

Theta Labs and FlyQuest launch AI esports chatbot

2024-12-07
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Founder of Crypto Lending Platform Celsius sentenced to 12 years in prison for fraud

Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

What Is Proof-of-Authority (PoA)?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,165.940.55%
  • ethereumEthereum(ETH)$2,343.476.19%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.362.88%
  • binancecoinBNB(BNB)$659.145.30%
  • solanaSolana(SOL)$170.374.88%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.2091527.55%
  • cardanoCardano(ADA)$0.782.38%
  • tronTRON(TRX)$0.2633473.37%
  • suiSui(SUI)$3.941.19%
  • chainlinkChainlink(LINK)$15.982.20%
  • avalanche-2Avalanche(AVAX)$23.626.73%
  • stellarStellar(XLM)$0.2993982.98%
  • shiba-inuShiba Inu(SHIB)$0.0000156.64%
  • hedera-hashgraphHedera(HBAR)$0.2032134.71%
  • bitcoin-cashBitcoin Cash(BCH)$415.67-0.23%
  • hyperliquidHyperliquid(HYPE)$24.651.32%
  • the-open-networkToncoin(TON)$3.302.83%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-1.52%
  • polkadotPolkadot(DOT)$5.0112.01%
  • litecoinLitecoin(LTC)$102.537.96%
  • moneroMonero(XMR)$319.197.15%
  • bitget-tokenBitget Token(BGB)$4.807.50%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.00001314.50%
  • piPi(PI)$0.747.97%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.413.64%
  • bittensorBittensor(TAO)$447.524.99%
  • nearNEAR Protocol(NEAR)$2.936.11%
  • aptosAptos(APT)$5.641.54%
  • okbOKB(OKB)$54.834.66%
  • aaveAave(AAVE)$211.723.73%
  • ondo-financeOndo(ONDO)$1.012.84%
  • internet-computerInternet Computer(ICP)$5.556.65%
  • ethereum-classicEthereum Classic(ETC)$19.254.40%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.182.36%
  • kaspaKaspa(KAS)$0.1056135.83%
  • gatechain-tokenGateToken(GT)$22.214.48%
  • crypto-com-chainCronos(CRO)$0.1009742.01%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2555583.37%
  • mantleMantle(MNT)$0.773.16%
  • vechainVeChain(VET)$0.0301894.90%
  • render-tokenRender(RENDER)$5.016.70%
  • ethenaEthena(ENA)$0.3711639.29%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.849.83%
  • algorandAlgorand(ALGO)$0.2327813.46%
  • filecoinFilecoin(FIL)$3.011.96%
  • bitcoinBitcoin(BTC)$103,165.940.55%
  • ethereumEthereum(ETH)$2,343.476.19%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.362.88%
  • binancecoinBNB(BNB)$659.145.30%
  • solanaSolana(SOL)$170.374.88%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.2091527.55%
  • cardanoCardano(ADA)$0.782.38%
  • tronTRON(TRX)$0.2633473.37%
  • suiSui(SUI)$3.941.19%
  • chainlinkChainlink(LINK)$15.982.20%
  • avalanche-2Avalanche(AVAX)$23.626.73%
  • stellarStellar(XLM)$0.2993982.98%
  • shiba-inuShiba Inu(SHIB)$0.0000156.64%
  • hedera-hashgraphHedera(HBAR)$0.2032134.71%
  • bitcoin-cashBitcoin Cash(BCH)$415.67-0.23%
  • hyperliquidHyperliquid(HYPE)$24.651.32%
  • the-open-networkToncoin(TON)$3.302.83%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-1.52%
  • polkadotPolkadot(DOT)$5.0112.01%
  • litecoinLitecoin(LTC)$102.537.96%
  • moneroMonero(XMR)$319.197.15%
  • bitget-tokenBitget Token(BGB)$4.807.50%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.00001314.50%
  • piPi(PI)$0.747.97%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.413.64%
  • bittensorBittensor(TAO)$447.524.99%
  • nearNEAR Protocol(NEAR)$2.936.11%
  • aptosAptos(APT)$5.641.54%
  • okbOKB(OKB)$54.834.66%
  • aaveAave(AAVE)$211.723.73%
  • ondo-financeOndo(ONDO)$1.012.84%
  • internet-computerInternet Computer(ICP)$5.556.65%
  • ethereum-classicEthereum Classic(ETC)$19.254.40%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.182.36%
  • kaspaKaspa(KAS)$0.1056135.83%
  • gatechain-tokenGateToken(GT)$22.214.48%
  • crypto-com-chainCronos(CRO)$0.1009742.01%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2555583.37%
  • mantleMantle(MNT)$0.773.16%
  • vechainVeChain(VET)$0.0301894.90%
  • render-tokenRender(RENDER)$5.016.70%
  • ethenaEthena(ENA)$0.3711639.29%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.849.83%
  • algorandAlgorand(ALGO)$0.2327813.46%
  • filecoinFilecoin(FIL)$3.011.96%