Reuters
Bitcoin briefly rises to record high over $70,000
Bitcoin briefly rallied to a record high on Friday in volatile trading, as crypto mania continued to sweep through the investment community. The leading cryptocurrency topped the $70,000 mark for the first time, boosted by investor demand for new U.S. spot exchange-traded crypto products and expectations for global interest rates to fall. Billions of dollars have flowed into ETFs in the past few weeks, and the market is getting extra support from an outlook that includes an upgrade to the ethereum blockchain platform, home to the second-largest cryptocurrency ether, and a bitcoin “halving” event, which slows the flow of bitcoin minting, in April.
Source: finance.yahoo.com
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