Massive demand for the new spot ETFs is the key reason for bitcoin’s more than 60% price surge this year. The cryptocurrency topped $70,000 for the first time ever Friday morning, eventually reaching a fresh all-time high of $70,136, according to data from CoinDesk Indices. At press time, bitcoin was trading at just under the $70,000 mark.

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• Source: https://www.coindesk.com/markets/2024/03/10/blackrocks-spot-etf-nears-200k-bitcoin-passing-michael-saylors-microstrategy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines