Bitcoin Hits All-Time High

Business » FINANCE | March 11, 2024, Monday // 10:16
Bulgaria: Bitcoin Hits All-Time High @Pixabay

Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300, according to reports from AFP.

The remarkable rise in the price of Bitcoin, which has soared by almost 160% since October 2023, represents a stark contrast to the challenges faced by the digital asset market in 2022. During that time, the market endured an 18-month downturn, referred to as a "crypto-winter," characterized by corporate bankruptcies and scandals within the cryptoasset industry.

Bitcoin's recent surge, particularly the 44% increase witnessed in February and early March of this year alone, underscores the renewed optimism and investor interest in cryptocurrencies. The cryptocurrency's remarkable performance in recent months has reignited enthusiasm among investors and industry observers, signaling a resurgence in confidence in digital assets.

Despite occasional volatility and regulatory uncertainties, Bitcoin's latest milestone further cements its position as the flagship cryptocurrency and underscores its resilience in the face of market challenges.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: bitcoin, cryptocurrency, record high, surge

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria