Bitcoin smashed records, climbing above $70,000 to set a new all-time high of $70,083.05. In a bounce-back from the 2021 record, it surged past $70K early Friday, as per CoinMarketCap reports. This marks a sharp 4% rise in a day.
The leap follows a rollercoaster. On February 28, Bitcoin reached $60K — a level last seen on November 2021. Then, on March 5th, Bitcoin broke past $69,000, only to plummet below $61,000 but ended the day strong at $66,000. From there, it steadily climbed, marking a 60% jump in the last month, doubling since October.
After last year's lows of around $16,000 post-FTX crash, Bitcoin is up. The momentum builds, fed by January's greenlight for spot Bitcoin ETFs, drawing billions in trades. Plus, next month's "halving," cutting miner rewards by half, fans the price’s fire. This event, happening every four years, often steers Bitcoin's value.
