Bitcoin reached a record high of over $70,000.
Bitcoin quickly hit a record high of over $70,000 and then dropped.
On Saturday, Bitcoin reached its highest level yet, aiming to attract more investment into the cryptocurrency community.
This leading digital currency surpassed the $70,000 mark for the first time due to increased demand from investors for new encryption products tradable on the US stock exchange and expectations for a global interest rate cut.
Before rapidly declining to $70,105, the price of Bitcoin increased, and after reaching the new price, it immediately started a downward trend.