Bitcoin Reaches New All-Time High of $62,700: Possible Reasons
Bitcoin has just broken above a new all-time high of $62,700, here’s what has pushed the major cryptocurrency upward
Just now, the world’s flagship cryptocurrency has soared to reach a new all-time high of $62,700. The previous one was hit exactly a month ago – on March 13 – and it was in the $61,800 zone.
Bitcoin often rises on the news of new players coming jumping on its bandwagon. Yesterday it was reported that Time magazine had partnered with the largest Bitcoin fund Grayscale to make a series of videos about the crypto space.
Besides, Time will be paid in Bitcoin and BTC will be added to the magazine’s balance sheet. Another positive news for BTC was that Galaxy Digital fund led by Mike Novogratz filed for a Bitcoin ETF with the US Security and Exchange Commission.