Bitcoin Falls to $59K Within Hours After Historic Record

Bitcoin price rose above $69,000 for the first time since 2021. It fell immediately after breaking the all-time record.

With the exciting developments in the cryptocurrency market, Bitcoin prices surpassed 69 thousand dollars for the first time since 2021, marking a historic rise. As of March 4, Bitcoin, which continued to quickly refresh its record, continued to rise towards the evening hours on March 5, breaking the all-time record.

Bitcoin Declined After Breaking a Record
It is observed that the positive atmosphere in technology stocks affects the rise in cryptocurrencies. The increasing demand for Bitcoin ETFs stands out as the most important supporter of the Bitcoin rally.

During the day, the Bitcoin price hit the $69,000 level, the highest level recorded since November 2021. Ethereum, on the other hand, found buyers over $ 3,500, which is considered an indicator of the general rise in the cryptocurrency market.

Bitcoin, which reached its historical peak of $ 69,000 in November 2021, reached the level of $ 69,000 again with its continuous rise in the recent period. The cryptocurrency, which broke the all-time record, suddenly fell by 10 thousand dollars on the night of March 5.

Mücahid Ahlatçı

Hi, I'm Mucahid. I am a writer for Expat Guide Turkey and I strive to create the best content for you. To contact me, you can send an e-mail to Happy reading!

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