Bitcoin hits record high

Bitcoin hit a record high of more than $69,000 on March 5, capping a remarkable comeback for the volatile cryptocurrency after its value plunged in 2022 amid a market meltdown


Bitcoin, world’s most popular cryptocurrency

Jan 3, 2009: Bitcoin launched 

Feb 2010: Bitcoin worth just $1.00

2021-22: With inflation soaring, U.S. Federal Reserve drains liquidity from financial markets


Jan 2020: ¢7,254.33

Dec 2020: Bitcoin valued at ¢29,244.88

2021: Currency climbs at start of year, peaking at ¢64,863.10 on Apr 14

Jul 2021: Currency plunges to $31,006 after China bans mining and trading

Nov 2021: Price hits record ¢68,999.99

Nov 2022: Bitcoin falls to $16,482.93, down 76.1% from 2021 record

Jan 10, 2024: U.S. regulators authorise crypto companies and finance firms to offer ETFs (exchange-traded funds). $7 billion invested in EFTs

Mar 5: Bitcoin hits record $69,170.63


$70,000 
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2020 2021 2022 2023 2024


Sources: Reuters, Securities and Exchange Commission
Picture: Getty Images 
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