Economy & Business

    Bitcoin hits new record high, crosses $70,400

    The Hawk
    March11/ 2024
    Last Updated:

    Bitcoin Breaks New Record, Soaring Above $70,400 Amid Spot ETFs Popularity and Anticipation of Federal Reserve's Interest Rates Cut.

    Representatives image of Bitcoin

    London: 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.