Record level: bitcoin has reached a new mark of $72 thousand

Bitcoin has reached more than $72,000, and the demand for cryptocurrency is only growing.

Bitcoin rose 4.4% to $72,649 after reaching $72,739. Cryptocurrencies have surged on the back of cash flow into new bitcoin exchange-traded funds and hopes that the Federal Reserve will soon cut interest rates.

Bitfinex analysts note that the rise in the value of bitcoin demonstrates the strength and stability of this cryptocurrency. In addition, when demand increases, it means that the overall market confidence in this asset also increases.

However, a hilting event is expected in April, during which the number of new bitcoins entering circulation will decrease. This is another reason for price support.

Source gagadget
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