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Bitcoin smashes through $70,000 mark

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.

19:54 - 8/03/2024 Friday
AFP
File photo
File photo

Bitcoin hit another record high Friday, smashing through $70,000 for the first time on growing investor demand amid speculation over when the United States may begin lowering interest rates.

Around 1535 GMT bitcoin stood up 1.9 percent on the day at $68,646 having minutes earlier hit a fresh peak of $70,085.85.

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2 months ago