Bitcoin Tops Above $60,000: BTC is on its All-Time High since 2021


In this Webstory, we will talk about the Bitcoin price hitting the $60,000 mark today and its doubled price in the past year.

Bitcoin tops above $60,000 for the first time in over two years, nearing its record high, driven by a rapid rally of 42% in the first two months of 2024.

This spike evokes memories of the 2021 bull market frenzy, with investors rushing in amid FOMO. 

US regulators approving spot bitcoin ETFs has attracted significant investment, with 303,000 bitcoins now held by 11 funds, worth $18 billion.

Analysts predict the all-time high could be surpassed soon, fueled by the influx of bitcoin funds. 

The crypto rally coincides with a broader uptrend in traditional markets, fueled by Nvidia's strong AI-driven performance. 

However, Coinbase faces disruptions due to high traffic, including instances of users seeing zero balances in their accounts.

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