Bitcoin closes in on all-time high, and everyone wants in on the action
Bitcoin neared a new record high, with the coin rising over 3% today to as much as $73,560 at 3:10 p.m. ET. Its current all-time-high price of $73,737 was hit on March 14, 2024, according to CoinGecko.
Bitcoin broke the $70,000 mark on Monday, prompting a $48 billion surge in trading volume. Analysts told CoinDesk that the price action was driven by a combination of whale activity on Binance and many traders pricing in a victory for pro-crypto candidate Donald Trump.
The rally is carrying other cryptocurrencies up with it, such as ethereum and dogecoin.