Bitcoin Price | BTC Surpasses $70,000 Benchmark
CryptoNewsTerminal Staff03 Jun, 2024
Bitcoin Price | BTC Surpasses $70,000 Benchmark
Bitcoin's price has reached a new milestone, surpassing the $70,000 mark on the Binance USDT market. According to CoinMarketMonitor, BTC is currently trading at $70,026.99. This latest surge in value comes after a period of consolidation, where BTC traded in a relatively narrow range. This latest move higher suggests that the bulls are back in control of the market. Bitcoin has been on a tear in recent months, as investors have flocked to the cryptocurrency as a hedge against inflation and economic uncertainty. The launch of Bitcoin futures ETFs in the United States has also boosted demand for the cryptocurrency. If BTC can continue to hold above the $70,000 level, it could be poised for another leg higher. Disclaimer: This article is for informational purposes only and should not be construed as financial advice.
