Bitcoin reached a new all-time high on Monday, surpassing $70,400, and its upward trend does not seem to be slowing down. According to LSEG data, in early European trading, it rose to $70,488.50.
The cryptocurrency’s value has been bolstered by the influx of cash into newly established bitcoin exchange-traded funds, as well as the expectation that the Federal Reserve will soon reduce interest rates.
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