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Bitcoin Approaches its All-time High Price After Rallying Above $68k

Twitter icon  •  Published il y a 1 mois  •  Hassan Maishera

BTC is up by more than 8% in the last 24 hours and is now eyeing a new all-time high after surpassing the $68k mark.

TL;DR

  • BTC is trading above the $68k level and could likely set a new all-time high in the coming hours.

  • The world’s leading cryptocurrency is up by more than 7% in the last 24 hours.

BTC Eyes $70k After Latest Rally

Bitcoin has been extremely bullish in recent weeks and could be on the verge of setting a new all-time high. According to the data obtained from Coinmarketcap, Bitcoin’s current all-time high price stands at $68,789.63.

BTC is now 0.48% away from that level as it is currently trading at $68,636.06. The world’s leading cryptocurrency by market cap is up by 8% in the last 24 hours and could surge higher in the coming hours.

If the rally is sustained, BTC could see a new all-time high above the $70k mark soon. The ongoing rally is fueled by the continuous entry of institutional investors into the crypto market.

The BlackRock spot Bitcoin ETF recorded over $1 billion in daily trading volume for the last six consecutive days. With more institutions gaining access to Bitcoin via spot ETFs, BTC’s price could soar higher in the coming hours and days.

Ether, the second-largest cryptocurrency by market cap, is also trading in the green zone. It is up by 5% in the last 24 hours and is now trading at $3,641 per coin.

Thanks to the ongoing rally, the total cryptocurrency market cap has now surpassed $2.5 trillion, up by 6% in the past 24 hours.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.