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Bitcoin hits new record high, crosses $70,400The 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.
Reuters
Last Updated IST
<div class="paragraphs"><p>Representatives image of Bitcoin</p></div>

Representatives image of Bitcoin

Credit: Reuters

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.

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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.

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(Published 11 March 2024, 16:15 IST)