Bitcoin Hits Record High of $72,000 Amid Crypto Rally
By
Joaquim da Silva
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Bitcoin has skyrocketed to a new record high of $72,000, marking a remarkable rally supported by increasing institutional acceptance. The world's largest cryptocurrency has surged by nearly 70% since the start of the year, climbing from around $42,000. In addition to Bitcoin, the crypto market has seen the rise of other valuable tokens like Ether, Binance’s BNB, and dogecoin. This rally has been boosted by growing investor interest, the approval of crypto exchange-traded funds (ETFs), and regulatory developments, such as the U.K. permitting some Bitcoin-linked securities to be listed on the stock market. Furthermore, former President Donald Trump has expressed optimism about Bitcoin, indicating a shift from his previous negative stance.