2024

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Bitcoin

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<div class="coinjournal">
 <ul>
 <li>Bitcoin price has touched highs of $68,000 on Coinbase.</li>
 <li>The Bitcoin market cap has surpassed that of Meta Platforms, rising to $1.32 trillion compared to $1.27 trillion.</li>
 </ul>
 Bitcoin’s incredible rally over the past few days has extended with another huge upside today. After retreating to lows of $61k last week, Bitcoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> rose more than 7% in 24 hours to hit highs of $68,000 on crypto exchange Coinbase on Monday.
 The surge saw <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> add more than $4,100 to its value, with the leading cryptocurrency closing in on its all<a rel="noopener noreferrer nofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high reached in 2021. During that bull cycle, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin rallied to highs of $69,044. Per today’s performance, Bitcoin is less than 2% from that peak.
 <img decoding="async" class="alignnone size-full wp-image-190221" src="https://cdn.thebittimes.com/images/2024/03/05/3507d2f85644865dab2caa7b284737a8.webp" alt="" width="1074" height="545">
 With spot Bitcoin ETFs frenzy on and the supply shock of the upcoming halving, analysts are saying that <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> still has a lot of room to grow. ETF analyst Eric Balchunas says the trading volume seen last week is more of “new normal than anomaly.”
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 The ten bitcoin ETFs a virtual lock to clock their second biggest volume day today. So looks like the big bump up in trading activity last week was more new normal than anomaly. pic.twitter.com/dOfIQ7hhS2
 — Eric Balchunas (@EricBalchunas) March 4, 2024
 </blockquote>
 
 As Bitcoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> surges, its market cap has surpassed that of top assets such as Visa, Tesla, Broadcom and TSMC. On Monday, the bellwether crypto hit $1.32 trillion in market cap, surpassing Meta Platforms that ranks 10th amongst largest assets by market cap with $1.28 trillion.
 Bitcoin is now just behind Silver in 9th, with the precious metal in 8th spot with a market cap of $1.358 trillion.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-set-for-new-all-time-high-as-price-hits-68-000-tbt81596.html">https://thebittimes.com/bitcoin-set-for-new-all-time-high-as-price-hits-68-000-tbt81596.html</a>

Bitcoin set for new all-time high as price hits $68,000

TheBitTimes

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