Bitcoin all time high 2024 is marked at $71,000 for the first time in history. It has raised the bars high, a continued spike post it!
On Monday, Bitcoin touched its all time high price. It’s above $71,000 for the first time in history. BTC is the most preferred and oldest cryptocurrency in the world. This year, BTC hiked the largest gain by 70%. Its prices soared by 4.8% to a record of above $71,000.
The value of the most popular cryptocurrency is higher because of two main factors. These include because more people are investing in new (ETFs) for Bitcoin. Further, the expectations set by the Federal Reserve are another reason.
However, the flow of capital into the top 10 U.S. spot bitcoin ETFs slowed a bit in the last week. But still, it is near $2 billion, as per the recent reports. This shows that people still have a strong interest in investing in Bitcoin despite the availability of other ETFs.
Bitcoin All Time High: But What About Other Tokens?
The total value of cryptocurrencies has increased by 1.6% to nearly $2.68 trillion worldwide. The total market volume of crypto was $132 billion, which gives a 41.66% increase.
Further, Stablecoins volume rose to $118 billion, 89.75% of the total crypto market 24-hour volume.
Besides, the total value of Bitcoin went up to $1.399 trillion in the last 36 hours. Currently, Bitcoin holds more than half (52.17%) of the total cryptocurrency market.
Wrapping Up
Bitcoin’s market cap value is $1.399 trillion, and its dominance at 52.17% shows its importance in the cryptocurrency market. This increase shows the interest of investors in the market.
Moreover, Bitcoin’s all-time high has given another exposure to cryptocurrency, simultaneously making it popular.
Are you still wondering about it’s potential? Do check our analysis of Bitcoin Rally Market Impact!