LIVEAlert! News About $BTC at $70,000 Before Halving 25 Days?
Bitcoin Price Surges Back Above $70,000 With Halving 25 Days Away.
Amid halving buzz, Bitcoin flirts with its all-time high after days of losses, surpassing $70,000 early Monday.
With the Bitcoin halving less than 25 days away, the number-one cryptocurrency is nearing its all-time high again, breaking $70,000 again after a week-long downturn.
Bitcoin is trading at $70,561, up 9% in the last 24 hours and 5.5% over the last seven days. The last time Bitcoin was above $70,000 was March 14 before the digital asset began to slide and subsequently went on a wild ride consisting of ETF outflows, cryptocurrency exchange flash crashes, and inflation.
Earlier this month, Bitcoin dropped 3% on news that the U.S. inflation rate in February was worse than expected.
Last week, a flash crash on the BitMEX cryptocurrency exchange caused the price of BTC to drop 7% from $67,709 to $62,133.
Bitcoin has been riding a wave of euphoria since the U.S.
Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs in January. While Bitcoin's return above $70,000 may be a reason for investors to celebrate, it still remains 4.7% from its all-time high of $73,737 set on March 14.
