Home Business BREAKING: Bitcoin Hits New All-Time High of $69,170.63
Business

BREAKING: Bitcoin Hits New All-Time High of $69,170.63

Share
BREAKING: Bitcoin Hits New All-Time High of $69,170.63 | Daily Report Nigeria
Share

On Tuesday afternoon, the world’s most popular cryptocurrency, Bitcoin, achieved an impressive milestone by reaching an all-time high price of $69,170.63.

The $69,170.63 rise surpasses the previous record set in November 2021 when it reached $68,999.99.

The surge in Bitcoin’s value coincides with growing interest from investors who are closely monitoring the United States (US) spot exchange-traded cryptocurrency products.

Concerns about potential global drops in interest rates have prompted serious consideration of these investment options.

Also, BlackRock’s iShares Bitcoin Trust (IBIT.O) received a substantial inflow of funds.

READ ALSO: Fraudster Forfeits N40m Bitcoin, iPhones to FG

Last Friday alone, it attracted over $2 billion out of the total $2.2 billion net flows into the top 10 U.S. spot bitcoin funds, as reported by LSEG statistics.

Over the past 24 hours, Bitcoin’s value has fluctuated between an intraday low of $63,460.01 and a high of $69,170.63, according to data posted on CoinMarketCap, a website that provides real-time market information for digital currencies.

CEO and co-founder of crypto platform, Anchorage Digital, Nathan McCauley said:

“The bitcoin all-time high marks a turning point for crypto.

“Traditional institutions were once sitting out; today, they are here in full force as the principal drivers of the crypto bull market.”

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
NUPENG, PENGASSAN Kick Against External Staff Recruitment by NNPCL Management | Daily Report Nigeria
Business

NUPENG, PENGASSAN Kick Against External Staff Recruitment by NNPCL Management

NUPENG and the Petroleum and Natural Gas Senior Staff Association of Nigeria...

CBN Reacts to Naira Devaluation
Business

US Import Tariffs Trigger Global Market Adjustments, Crude Oil Price Decline

The US government’s announcement of new import tariffs has triggered a period...

FG Reacts to Trump's 14% Tariff on Nigerian Exports | Daily Report Nigeria
BusinessNews

FG Reacts to Trump’s 14% Tariff on Nigerian Exports

The Federal Government of Nigeria has acknowledged the recent imposition of a...

World Bank Blacklists 18 Nigerian Firms, Individuals for Corrupt Practices | Daily Report Nigeria
Business

World Bank Clarifies $10.50m Funding to CBN as Grant, Not Loan

The World Bank has clarified that the $10.50 million funding for the...