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Bitcoin Is Over 72K $ – the Trend Is Up

March 13, 2024
in Coins, Finance, Market, News
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Market / freepik

Market / freepik

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Bitcoin (BTC) crossed $71,000 for the first time ever during the first trading hours on Monday.

The leading cryptocurrency has been steadily rising since the approval of the spot bitcoin exchange-traded funds in the U.S. The token crossed $70,000 for the first time ever last week. Ether (ETH) also crossed $4,000 on Monday.

The rally has lifted the annualized three-month futures premium on major exchanges, including Binance, to above 25%. The elevated premium could attract cash and carry traders, boosting overall market liquidity.

Source: CryptoNow
Tags: BTCETH

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