Bitcoin breaks historic record and reaches $60k

bitcoin new ath
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Bitcoin breaks historic record with a new ath surpassing the previous record of $58K by two thousand dollars

Saturday dawned happier for those who have Bitcoins in their wallets. After a bitter February, the world’s top cryptocurrency broke its own record, reaching $60,000 around 9am.

Since the previous record, bitcoin has retreated to as low as $45,000, due to uncertainty in traditional markets about stimulus expectations and their positive effects on U.S. bond yields.

This new rise made Bitcoin surpass the previous record of US$58,000 by two thousand dollars. The rise in interest of financial institutions in crypto this week has made Bitcoin’s value remain at higher levels.

Bitcoin breaks historic record
Source: Bitcoin KE

Even with the speech of Bill Gates warning about the environmental impact of transactions and maintenance of the bitcoin network was not enough to increase the appetite of investors. By noon, Bitcoin was worth $ 59,848.19, one of the highest levels in the history of cryptocurrency.

Bitcoin is also benefiting from the improved economic environment in the United States. With the fall in financial risks, investors have been looking for higher-risk assets, including cryptocurrencies.

READ more:  Bitcoin is included in Cuba economic guidelines

U.S. Treasury yields have risen back to 12-month highs in the wake of Biden’s new stimulus. This time, however, bitcoin is showing resilience – unlike the last week of February, when prices fell 20% amid rising yields.

So far, BTC earned more than 20% just this week.

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The information expressed in this article is solely those of the author and do not necessarily reflect the vies of CryptoDeFinance.  Each and every investment and trading move involves high risk. You should always conduct your own research when making a decision in crypto investment.
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Ana Teixeira

Hi! I am Ana and I am a crypto enthusiast. Enjoy my articles, share them and don't forget to drop a comment. If you like us and our news, share the posts and comment. Your visit and interaction is very important to us.
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