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Bitcoin breaks $70,000 in volatile trading, hitting a new record to end the week

From cnbc.com

The price of bitcoin jumped to a new record on Friday, breaking through $70,000 for the first time ever. The cryptocurrency gave back its gains from the spike and was last lower by more than 1% at $66,943.70, according to Coin Metrics. At one point, however, it rose as high as $70,170.00, topping its previous record set on Tuesday. The up move began around the time the U.S. stock market opened. With the introduction of spot bitcoin exchange-traded funds in the U.S., big crypto moves now tend to take place during traditional stock trading hours. {chart} The early advance may have been driven in part by investors who ... (full story)

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  • Category: Fundamental Analysis