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Home»ADOPTION NEWS»Bitcoin price surpassed its previous high of $69,000 in 846 days.
ADOPTION NEWS

Bitcoin price surpassed its previous high of $69,000 in 846 days.

By Crypto FlexsMarch 5, 20242 Mins Read
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Bitcoin price surpassed its previous high of ,000 in 846 days.
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Posted 1 minute ago In ~

After a long period of 28 months and a downward decline of 77%, the price Bitcoin BTC

-4.08%
Today it surpassed the previous high of $69,000. It took a total of 846 days for the market-leading cryptocurrency to retrace its steps.

Bitcoin is up about 346% since bottoming above $15,000 in late 2022. This year alone, it has increased by about 70%.

Events that impacted the broader cryptocurrency bear market included the collapse of the Terra Luna ecosystem and the subsequent bankruptcy of cryptocurrency exchange FTX. Both have disrupted larger industries as they investigate related infections.

For many, the US approval of a spot Bitcoin exchange-traded fund ultimately spurred a new cryptocurrency bull market, bringing inflows that in some ways exceeded even optimistic expectations.

Daily trading volume has surged along with the inflow of Bitcoin ETFs and has been increasing significantly since the end of last year.

On Monday morning, the price of Bitcoin in euros and pounds sterling hit new all-time highs, while its market capitalization in U.S. dollars surpassed its previous high of $1.303 trillion.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and was the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).
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