Summary
Bitcoin reached a new record high of nearly $71,800 on Monday, following multiple all-time highs last week. Demand for US spot bitcoin ETFs remains strong, with the next halving event expected to occur next month. Ether also hit a new high of $4,034 on Monday morning.
Key Points
1. Bitcoin reached a new record high of nearly $71,800 early on Monday, following multiple all-time highs set the previous week.
2. The price of Bitcoin had previously broken $69,000 on March 5, only to drop by roughly 10% shortly after reaching this milestone.
3. Demand for US spot bitcoin ETFs remains strong, with over 800,000 BTC held by these products as of Friday, according to BitMEX Research data.