---
title: "Bitcoin breaches $70k for the first time"
url: https://diffcoin.com/bitcoin-breaches-70k-for-the-first-time/
description: "Bitcoin reached a new all-time high of $71,415 on March 11, after rising 2.62% in the 24 hours leading up to 08:05 am UTC.The world’s first cryptocurrency…"
published: 2024-03-11
updated: 2024-03-11
author: "Mila"
site: "Diffcoin"
---

# Bitcoin breaches $70k for the first time

Bitcoin reached a new all-time high of $71,415 on March 11, after rising 2.62% in the 24 hours leading up to 08:05 am UTC.

The world’s first cryptocurrency rallied over 10% during the past week and 47% during the past month, according to CoinMarketCap data. The new all-time high comes three days after Ether breached the $4,000 mark for the first time since December 2021.

*BTC/USD, 1-month Chart. Source:* *CoinMarketCap*

Bitcoin hit a new all-time high 36 days before the much anticipated Bitcoin halving event set to occur on April 20, which will see mining rewards reduced from 6.25 BTC ($418,800) to 3.125 BTC ($209,400).

This is a developing story, and further information will be added as it becomes available.

[Source link](https://cointelegraph.com/news/bitcoin-breaks-new-high-above-71-000)