Bitcoin has successfully breached the $72K mark, coming close to its previous all-time high in terms of U.S. dollar value. This surge in price is notable as Bitcoin reached an intraday high of $72,827, reflecting a 5.5% increase in its value over the last 24 hours.
The market, reacting to this swift rise in Bitcoin's value, experienced liquidations amounting to millions of dollars. As of 12:15 p.m. EDT, Bitcoin remains steady, trading around $72,524 per coin, cementing its position during this current rally period.
The increase in Bitcoin prices can be attributed to the rising global trade volume, which seems to have fueled this latest surge. Investors and market observers are keenly watching the developments as Bitcoin approaches its all-time high record once again.
