The cryptocurrency industry is once again in a fervent debate, with Bitcoin (BTC) quickly approaching a record breaking $69,000, raising expectations of a significant advance for the market’s largest cryptocurrency. The price of Bitcoin continues to trend upward, showing quite significant increases in recent days, recently breaking the US$65,000 limit.

After the recent rises, the largest cryptocurrency on the market managed to reach the all-time high of the euro before its halving, scheduled for April, for the first time since Bitcoin began trading in 2010.

Bitcoin’s 2021 peak was €60,000, and it recently managed to trade at €60,250 on cryptocurrency exchange Kraken. Furthermore, driven by recent highs, BTC is close to breaking its price record in dollars as well.

The market’s first and largest cryptocurrency also reached an all-time high against the pound on March 4. On the Coinbase exchange, Bitcoin reached historic highs of £51,736 and €60,447.

At the time of publication, the price of Bitcoin was quoted at US$66,098.07, up 6.6% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$52,240,702,064. Over the past seven days, Bitcoin has seen a 28.1% price increase.

Bitcoin’s upward trend took place after the largest cryptocurrency on the market surpassed the US$50,000 mark on February 12, reaching its highest level since December 2021 on that day. Since then, the asset’s price has been appreciating, reaching impressive heights , while approaching its all-time high. In the last 30 days, Bitcoin has appreciated 54.1%.

Bitcoin Reaching $65,000 and Guaranteeing Profits for Holders

Bitcoin price rose above $65,000 and tested the $65,550 resistance. Bitcoin price remained well supported and extended its recovery above the $64,000 resistance. However, BTC has yet to overcome the key resistance level of $69,000.

With recent vigorous bullish momentum, data reveals that more than 97% of Bitcoin addresses are now navigating profitable waters, a milestone not seen since November 2021. Back then, the leading cryptocurrency by market cap reached an all-time high , approaching US$69,000.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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