March 11, (THEWILL)- The queen of cryptocurrencies, Bitcoin (BTC), soared past $71,000 on Monday, reaching a new all-time high of $71,850 on the Bitstamp exchange.
This milestone comes as the cryptocurrency market continues to gain mainstream acceptance and attract significant investment from both retail and institutional investors following the approval of a slew of spot Bitcoin ETFs, in January.
Bitcoin has gained nearly 70% this year and most of the rise has come in the last few weeks.
In the meantime, the price of Ethereum, the second-largest cryptocurrency, recently surged above the $4,000 level.
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