Bitcoin Sets New Record, Climbs Above $70,000 Mark; Ethereum Hits $4K Milestone

Bitcoin has once more surpassed its previous highest point of $69,210, established on March 5, 2024, as documented by Bitstamp. Currently, the digital currency holds steady above the $68,000 mark, having outdone its prior peak and ascended to $70,184 per coin.

New Peaks: Bitcoin Tops $70,000 While Ethereum Briefly Crosses $4,000

The value of bitcoin in U.S. dollars has climbed by 34.9% in the last two weeks and by 60.5% over the preceding month, once more surpassing its earlier price record. The record-breaking milestone was achieved at 10:25 a.m. Eastern Time on Friday.

In the past 24 hours, $BTC shorts totaling $20.47 million have been liquidated within the 1-hour period. By 10:31 a.m. on the same day, the unit price on Bitstamp had soared to $70,184.

After $BTC tapped the $70,184 mark, the price swiftly dropped below the $69,000 threshold. So far, $BTC has remained above the $60,000 range for a total of ten days in 2024. It has broken its 2021 record two times so far and many expect more fireworks to happen this year.

While $BTC reached $70,184, ethereum ($ETH) hit the $4,000 range for the first time since 2021. However, the price did not last long and $ETH is now below the $4K threshold.

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