Cryptocurrency Price on March 12: Bitcoin trades near $72,000; Toncoin, Avalanche jump up to 34%
cryptocurrency won further support on greater trading accessibility and dollar weakness.
In the last 24 hours, Bitcoin jumped to an intraday peak of $72,850. It was last 5% higher at $71,986 at 11:26 am IST.
Today's spurt extended last week's record-breaking run when the currency bulldozed its way past the previous November 2021 pinnacle of $68,999.
«Bitcoin surpassed the $72,000 mark within the last 24 hours. This positive momentum is attributed to the increasing interest in Bitcoin spot ETFs and the impending Bitcoin halving event, known to historically impact its price,» said Edul Patel, CEO of Mudrex.
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View Details»«Over the past year, Bitcoin has seen a remarkable 250% increase, driven by growing mainstream acceptance and investments from both retail and institutional investors following the approval of the Bitcoin spot ETF,» he said.
Meanwhile, other major crypto tokens, Ethereum (4.7%), Solana (9.2%), XRP (14.7%), Cardano (7.2%), Dogecoin (4%), Shiba Inu (3.4%), Avalanche (16.8%), and Toncoin (33.8%) surged.
The global
