Bitcoin surges to new all-time high, crosses $71,000 mark for the first time

Bitcoin hit a new all-time high Today, surpassing the $71,000 mark as money keeps rushing into the market value. In the last 24 hours, Bitcoin jumped to an intraday peak of $71,030 in volatile trading. It was 2.4% higher at $70,900 at 1:07 pm IST. Bitcoin has gained nearly 70% this year and most of the rise has come in the last few weeks, 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. The global cryptocurrency market cap rose 1.6% to around $2.68 trillion in the last 24 hours, while the total crypto market volume was $132 billion, which makes a 41.66% increase.

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