{"id":27133,"date":"2024-03-04T20:54:02","date_gmt":"2024-03-04T20:54:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-set-for-new-all-time-high-as-price-hits-68000\/"},"modified":"2024-03-04T20:54:02","modified_gmt":"2024-03-04T20:54:02","slug":"bitcoin-set-for-new-all-time-high-as-price-hits-68000","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-set-for-new-all-time-high-as-price-hits-68000\/","title":{"rendered":"Bitcoin set for new all-time high as price hits $68,000"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/BTC-Logo-4-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/BTC-Logo-4-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/BTC-Logo-4-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/BTC-Logo-4-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<p><span style=\"font-weight: 400\">Bitcoin\u2019s incredible rally over the past few days has extended with another huge upside today. After retreating to lows of $61k last week, <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> rose more than 7% in 24 hours to hit highs of $68,000 on crypto exchange Coinbase on Monday.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The surge saw <a href=\"https:\/\/coinjournal.net\/news\/tag\/btc\/\">BTC<\/a> add more than $4,100 to its value, with the leading cryptocurrency closing in on its all-time high reached in 2021. During that bull cycle, the price of Bitcoin rallied to highs of $69,044. Per today\u2019s performance, Bitcoin is less than 2% from that peak.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/yOeNcYe5\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-190221\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-04_23-44-31.png\" alt=\"\" width=\"1074\" height=\"545\"\/><\/a><\/p>\n<p><span style=\"font-weight: 400\">With spot Bitcoin ETFs frenzy on and the supply shock of the upcoming halving, analysts are saying that BTC still has a lot of room to grow. ETF analyst Eric Balchunas says the <a href=\"https:\/\/coinjournal.net\/news\/spot-bitcoin-etfs-shatter-trading-record-with-7-69-billion\/\">trading volume seen last week<\/a> is more of \u201cnew normal than anomaly.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The ten bitcoin ETFs a virtual lock to clock their second biggest volume day today. So looks like the big bump up in trading activity last week was more new normal than anomaly. <a href=\"https:\/\/t.co\/dOfIQ7hhS2\">pic.twitter.com\/dOfIQ7hhS2<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1764730139512848543?ref_src=twsrc%5Etfw\">March 4, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">As Bitcoin price surges, its market cap has surpassed that of top assets such as Visa, Tesla, Broadcom and TSMC. On Monday, the bellwether crypto hit $1.32 trillion in market cap, surpassing Meta Platforms that ranks 10<\/span><span style=\"font-weight: 400\">th<\/span><span style=\"font-weight: 400\"> amongst<\/span><a href=\"https:\/\/companiesmarketcap.com\/assets-by-market-cap\/\"> <span style=\"font-weight: 400\">largest assets by market cap<\/span><\/a><span style=\"font-weight: 400\"> with $1.28 trillion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin is now just behind Silver in 9<\/span><span style=\"font-weight: 400\">th<\/span><span style=\"font-weight: 400\">, with the precious metal in 8<\/span><span style=\"font-weight: 400\">th<\/span><span style=\"font-weight: 400\"> spot with a market cap of $1.358 trillion.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-set-for-new-all-time-high-as-price-hits-68000\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin\u2019s incredible rally over the past few days has extended with another huge upside today. After retreating to lows of $61k last week, Bitcoin price rose more than 7% in 24 hours to hit highs of $68,000 on crypto exchange Coinbase on Monday. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27133"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27133"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27134"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}