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.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

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Your email address will not be published.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
NDIC Begins N46.6 Billion Payout to Heritage Bank Depositors | Daily Report Nigeria
Business

NDIC Begins N46.6 Billion Payout to Heritage Bank Depositors

The Nigeria Deposit Insurance Corporation (NDIC) has started paying N46.6 billion as...

WhatsApp to Contest $220m FCCPC Fine, Cites Operational Concerns | Daily Report Nigeria
Business

WhatsApp to Contest $220m FCCPC Fine, Cites Operational Concerns

WhatsApp contests FCCPC’s $220m fine for anti-competitive conduct. Tribunal affirms FCCPC’s authority...

Dangote Cement Speaks on Reducing Price from N5,500 to N2,700
Business

Dangote Cement’s 10% Drop Pushes NGX to N202bn Loss

Nigeria Exchange Limited loses N202 billion due to share price depreciation. Dangote...

Nigeria Must Prioritise Spending, Build Fiscal Buffers - IMF | Daily Report Nigeria
Business

Nigeria Must Prioritise Spending, Build Fiscal Buffers – IMF

The International Monetary Fund (IMF) urges Nigeria to spend wisely amidst pressing...