Bitcoin has reached a new historical milestone by briefly surpassing the $70,000 mark, before experiencing a slight dip.
A New Historical Peak for Bitcoin
This Friday, Bitcoin hit a historic peak by crossing the $70,000 threshold for the first time on certain exchange platforms. On Coinbase, the price of bitcoin reached a record of $70,088.04 in the afternoon. The new all-time high was followed by a rapid decline, with BTC even dropping below $67,000 before bouncing back above $68,000.
On Binance, Bitcoin reached a peak of $70,199 against the dollar, but only $69,845 against the USDT stablecoin. This surge comes after bitcoin set records on Tuesday, surpassing $69,100 for the first time.
Renewed Interest and the Comeback of Memecoins
With Bitcoin’s surge, traders’ interest in cryptocurrencies is back. ETH briefly hit $4,000 for the first time since December 2021. Memecoins are once again dominating the market, with performances reaching up to +70% in a single day.
The renewed interest of retail investors is further evidenced by the resurgence of memecoin frenzy, exemplified by WIF, BONK, PEPE, as well as the classic DOGE and SHIB.
