Bitcoin Surpasses $71,000... Another All-Time High (Update)

Bitcoin price surpassed $71,000 on the 11th (local time), breaking its all-time high once again.

According to CoinMarketCap, a global virtual asset market tracking site, as of 4:58 PM on the 11th, the price of Bitcoin exceeded $71,000.

Bitcoin has been on a continuous upward trend since it first surpassed $70,000 on the 8th.

Major foreign media analyzed that this bullish trend is due to positive factors such as expectations of a Federal Reserve (Fed) interest rate cut and the trading of Bitcoin spot exchange-traded funds (ETFs).