Bitcoin set for new all-time high as price hits $68,000
Bitcoin price has touched highs of $68,000 on Coinbase. The Bitcoin market cap has surpassed that of Meta Platforms, rising to $1.32 trillion compared to $1.27 trillion. Bitcoin’s incredible rally over the past few days has extended with another huge upside today. After retreating to lows of $61k last week, Bitcoin price rose more than 7% in 24 hours to hit highs of $68,000 on crypto exchange Coinbase on Monday. The surge saw BTC add more than $4,100 to its value, with the leading cryptocurrency closing in on its all -time high reached in 2021. During that bull cycle, the price of Bitcoin rallied to highs of $69,044. Per today’s performance, Bitcoin is less than 2% from that peak. With spot Bitcoin ETFs frenzy on and the supply shock of the upcoming halving, analysts are saying that BTC still has a lot of room to grow. ETF analyst Eric Balchunas says the trading volume seen last week is more of “new normal than anomaly.” The te...