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