Bitcoin hits new record high, crosses $70,400

London: bitcoin hit a new record on Monday above $70,400 as the rise of the largest cryptocurrency showed no signs of slowing down.

It rose to $70,488.50 in early European trading, LSEG data showed. The cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds, as well as hopes that the Federal Reserve will soon cut interest rates.

(Published March 11, 2024, 10:45 IS)

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