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Bitcoin Continues Trend of Breaking Records: Rises Above 71K

Key Takeaways

  • Bitcoin surged above $71,000 on March 11.
  • The rise in Bitcoin's price is tied to new spot Bitcoin ETFs in the US, boosting demand and affirming its status as a trusted investment.
  • This peak comes before the Bitcoin halving event on April 20.
Bitcoin Continues Trend of Breaking Records: Rises Above 71K

Bitcoin (BTC) reached a record-breaking high on March 11, surging above $71,000 for the first time in its history.

The cryptocurrency's leap to new heights came just a few days after it hit the $69,000 mark.

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The increase can be linked to the launch of new spot Bitcoin exchange-traded funds (ETFs) in the United States. These ETFs have ensured a consistent demand for Bitcoin, strengthening its reputation as a dependable store of value.

This milestone was reached before the highly anticipated Bitcoin halving event set for April 20.

Meanwhile, Ether (ETH), its closest rival, has recently surpassed the $4,000 benchmark for the first time since December 2021.

This surge in value not only highlights the cryptocurrency's robust performance but also signals a broader acceptance and recognition of digital currencies in the global financial landscape.

In other Bitcoin-related news, BlackRock launched a new Bitcoin BDR ETF in Brazil earlier this month.

Aaron S. , Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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