Bitcoin hits new record high above $70,400
The surge in value reflects the ongoing momentum of the world's largest cryptocurrency.
- Mar 11, 2024,
- Updated Mar 11, 2024 2:20 PM IST
LONDON, March 11 (Reuters) - Bitcoin hit a new record high on Monday above $70,400, as the surge in the biggest cryptocurrency showed no signs of slowing down.
It rose to $70,488.50 in early European trading, LSEG data showed. The cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates.
LONDON, March 11 (Reuters) - Bitcoin hit a new record high on Monday above $70,400, as the surge in the biggest cryptocurrency showed no signs of slowing down.
It rose to $70,488.50 in early European trading, LSEG data showed. The cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates.