2024-03-04 20:03:59
Bitcoin reached an all-time high once morest the euro on March 4th, following crossing the 60,000 euro level for the first time.
While the largest cryptocurrency is just a few thousand dollars away from a 2021 all-time high, the TradingView according to his data, BTC BTC Price reached EUR 60,393 at 9:30 a.m. Hungarian time, and at the time of writing, it is trading at EUR 61,347, which represents an annual increase of nearly 60%.
Bitcoin has also hit new highs once morest several fiat currencies this year, including with Chinese yuan, once morest the fiat currency with the largest market capitalization in the world. The previous peak was 414,000 yuan, and currently 1 BTC is worth 479,075 yuan.
By the way, according to Balaji Srinivasan, an angel investor and former CFO of Coinbase, the coin has surpassed all-time highs in more than 30 countries since February 28, including China, India, Japan, South Korea and Argentina.
BTC has yet to make a new high once morest these currencies
Even though bitcoin hit $67,457 on Monday night, the cryptocurrency still needs to make new highs once morest several fiat currencies, including the US dollar, British pound, Swiss franc, Brazilian real and Mexican peso.
According to Sam Wouters, head of marketing at River Intelligence, the Mexican peso is the most difficult target for BTC. The coin is currently trading at 1.1 million pesos, down regarding 24% from its previous peak of roughly 1.4 million pesos in November 2021, according to data from Xe.com.
Despite this, bitcoin has recently hit all-time highs in several fiat currencies following the launch of spot ETFs in the United States on January 11, 2024, further increasing the coin’s popularity.
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