Bitcoin rose during trading on Monday, March 11, to levels of $71,000, which are record levels for the most famous cryptocurrency in the world.
Bitcoin has gained 244% in the last 12 months.
Bitcoin surged above $69,000 on March 5, levels the cryptocurrency had never seen before. ETFs launched by firms such as BlackRock and Fidelity Investments have attracted more than $7 billion in net inflows since their launch less than two months ago, with an imminent decline in the growth of bitcoin’s supply — known as the halving — also fueling bullish sentiment.
