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Bitcoin achieves new record high over $70,400

Representations of cryptocurrency Bitcoin are shown in this illustration photo taken in Paris, France, March 9, 2024.

LONDON, March 11 (mod1s) - Bitcoin struck a fresh record high on Monday over $70,400, as the boom in the largest cryptocurrency showed no signs of slowing down. 

It increased to $70,488.50 in early European trade, LSEG data indicated. The cryptocurrency has been buoyed by a surge of investment into new spot bitcoin exchange-traded funds as well as optimism that the Federal Reserve would soon slash interest rates.


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