Bitcoin, in dollar terms, has once again remarkably surpassed the $65,000 mark, reaching new heights following a late-weekend rally that propelled it closer to the all-time high of $69,044 set in 2021.
At the time of this writing, the world’s largest cryptocurrency by market cap briefly surpassed $65,420, according to CoinGecko. It is currently trading above $65,550, with frequent buy orders from numerous novice investors suggesting that its valuation may soon surpass its previous record.
What is #Bitcoin‘s all time high?
It depends on who you ask.
Our data shows that #BTC hit its highest level on OkCoin on November 10, 2021. pic.twitter.com/Lksvf2mOUR
— Kaiko (@KaikoData) March 4, 2024
Thanks to Bitcoin’s surge, the global cryptocurrency market cap has reached $2.56 trillion, marking a 5.24 percent increase in the last 24 hours and a staggering 139.4 percent increase compared to the same period last year. As of today, Bitcoin’s market cap stands at $1.29 trillion, representing a dominance of 50.2 percent in the crypto market. Meanwhile, Stablecoins have a market cap of $144 billion, accounting for 5.61 percent of the total crypto market cap.
READ ALSO — Bitcoin Surpasses $50,000 Milestone After Two Years; Tether and USD Coin Experience Declines
Ethereum, the second-largest cryptocurrency, which implemented a deflationary mechanism in early August 2021, has surged nearly 4 percent in the last 24 hours, currently trading at $3,524.
Additionally, Bitcoin has reached new all-time highs in other global currencies. In European markets, the flagship coin soared to €59,901.25, marking the highest level ever recorded on the continent since November 2021’s €59,716.82.
