Business

Bitcoin Hits All-Time High – Crosses $71k

Bitcoin reached a new all-time high of over $71,000 on Monday, driven by an increase in demand for the cryptocurrency.

Gatekeepers News reports that this surge in demand comes amid optimism that the Federal Reserve will cut interest rates this year.

According to Bloomberg data, the value of the cryptocurrency peaked at $71,432 during Asian business hours, reflecting a nearly 70 percent increase in Bitcoin’s value since the beginning of the year.

Fehintola Ambali-Salam

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