Bitcoin ETF

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Grayscale Bitcoin Trust

Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) has just passed a new all-time high against the euro as the cryptocurrency’s price reached a new multi-year high of $65,000.
Bitcoin broke a new psychological milestone above 60,000 euros on March 4, reaching such a value against the euro for the first time in history.
According to data from TradingView, Bitcoin <a href="https://www.tradingview.com/symbols/BTCEUR/" target="_blank" rel="noopener nofollow">touched</a>&nbsp;60,393 euros at 8:30 am UTC, surging about 5% from its intraday low of 57,521 EUR. At the time of writing, Bitcoin is trading at 59,981 euros, up around 56% year-to-date.
Bitcoin posted multiple milestones prior to reaching the 60,000-euro price mark. On Feb. 28, Bitcoin broke the all-time high of around 53,000 euros for the first time, which was set in late September 2021.
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 BTC/EUR all-time price chart. Source: TradingView
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Bitcoin has been breaking new highs against multiple fiat currencies in 2024, including the Chinese yuan (CNY), the world’s <a href="https://fiatmarketcap.com/" target="_blank" rel="noopener nofollow">largest</a> fiat currency by market capitalization.
Bitcoin <a href="https://www.xe.com/currencycharts/?from=BTC&amp;to=CNY&amp;view=10Y" target="_blank" rel="noopener nofollow"></a><a href="https://www.xe.com/currencycharts/?from=BTC&amp;to=CNY&amp;view=10Y" target="_blank" rel="noopener nofollow">broke</a> a new all-time high against the CNY in late February, breaking the previous record of around 414,000 CNY, according to data from Xe.com. At the time of writing, BTC is worth 467,506 CNY.
According to Balaji Srinivasan, an angel investor and former chief financial officer of Coinbase, Bitcoin <a href="https://x.com/balajis/status/1762802897518215405?s=20" target="_blank" rel="noopener nofollow">passed</a> all-time highs in more than 30 countries as of Feb. 28, including China, India, Japan, South Korea and Argentina.
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 Bitcoin passing all-time highs in 30 countries. Source:&nbsp;<a href="https://twitter.com/balajis/status/1762802897518215405" target="_blank" rel="noopener nofollow">Balaji Srinivasan on X</a><a href="https://twitter.com/balajis/status/1762802897518215405" target="_blank" rel="noopener nofollow"></a>
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As Bitcoin reached $65,000, the cryptocurrency has yet to break new highs against a few fiat currencies, including the United States dollar, the British pound, the Swiss franc, the Brazilian real and the Mexican peso.
At the time of writing, Bitcoin is trading at $65,000, or roughly 6% down from the <a href="https://cointelegraph.com/news/funding-rates-69k-btc-price-5-things-bitcoin-this-week">all-time high of $69,000</a> set on Coinbase in November 2021.
Related:&nbsp;<a href="https://cointelegraph.com/news/bitcoin-price-ten-million-2045-physicist-explains-power-law-model">Physicist explains how his ‘Power Law’ model got to $10M Bitcoin by 2045</a>
<a href="https://x.com/SDWouters/status/1762897108007330097?s=20" target="_blank" rel="noopener nofollow">According</a> to River Intelligence marketing head Sam Wouters, the Mexican peso is the most ambitious target for Bitcoin to smash. According to data from Xe.com, BTC is trading at 1.1 million pesos at the time of writing, down about 24% from its previous high of roughly 1.4 million pesos set in November 2021.
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 <img src="https://s3.cointelegraph.com/uploads/2024-03/ef555868-d150-4cce-917a-df49cdb34b85.jpeg" alt="" title="">
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 Bitcoin all-time highs against fiat currencies as of Feb. 28, 2024. Source: <a href="https://x.com/SDWouters/status/1762897108007330097?s=20" target="_blank" rel="noopener nofollow"></a><a href="https://x.com/SDWouters/status/1762897108007330097?s=20" target="_blank" rel="noopener nofollow">Sam Wouters on X</a>
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Bitcoin has been smashing all-time highs in multiple fiat currencies amid the cryptocurrency gaining bigger exposure after the <a href="https://cointelegraph.com/news/bitcoin-spot-etf-volumes-break-records-blackrock-fidelity-grayscale">launch of spot Bitcoin exchange-traded funds</a> (ETFs) in the U.S. on Jan. 11, 2024. Following the launch, Bitcoin ETF issuers purchased at least 340,000 BTC as of March 1, excluding <a href="https://cointelegraph.com/news/genesis-bankruptcy-gbtc-outflows-bitcoin-coinbase-crypto-exchange">massive BTC sales</a> by the Grayscale Bitcoin Trust ETF.
Magazine: <a href="https://cointelegraph.com/magazine/digital-yuan-adoption-payments-regulation/">How the digital yuan could change the world… for better or worse</a>

Bitcoin passes new all-time high in euros as price reaches $65K

Cointelegraph

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