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Bitcoin Sets Record High Above $70,000

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Bitcoin recorded an all-time high of over $70,000.

Bitcoin briefly recorded an all-time high of over $70,000 before crashing.

On Friday, Bitcoin reached its highest value ever, spreading the cryptocurrency fever further into the investment community.

This leading digital currency surpassed the $70,000 mark for the first time due to increased investor demand for new cryptocurrency products tradable on the US stock exchange and expectations of a global interest rate cut.

The price of Bitcoin rose to $70,105 before quickly declining; this cryptocurrency immediately took a downward trend after reaching the new price.

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