BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Bitcoin Broke $71,000 Dollars for the First Time in History and Here is Why

by Sham
March 11, 2024
in CRYPTO, FEATURED
Reading Time: 2 mins read
A A
2
SHARES
39
VIEWS
Share on XShare in TelegramShare on Reddit
  • Bitcoin reaches new high of $71,128, showing strong momentum as it nears $72,000 milestone
  • Upcoming halving event in April 2023 anticipated to further propel Bitcoin’s bull run by reducing new supply
  • Bitcoin’s consistent breakthroughs to fresh all-time highs indicates growing investor optimism and potential for more upside

Bitcoin has captured attention again as it reaches unprecedented prices. Over the weekend, the leading cryptocurrency broke past records and climbed to new highs. Currently trading at $71,128, Bitcoin shows strong bullish momentum and is nearing the $72,000 milestone. This latest surge comes after a brief dip below $68,000, but the rally continues as the new week begins.

BREAKING: $71,000 #BITCOIN 🚀

— BlockNews.com (@blocknewsdotcom) March 11, 2024

What’s Fueling Bitcoin’s Ongoing Rally?

Bitcoin’s consistent breakthroughs to fresh all-time highs like $70,000 indicate solid support for the current rally. This is especially true as anticipation builds for the upcoming halving event. The fear of missing out (FOMO) is expected to entice more investors to join the frenzy and push prices higher. Bitcoin’s upward trajectory continues as each milestone reached draws in more participants.

The Highly Anticipated Halving Event

The next halving event is set for block 840,000 around April 20. Mining rewards will be cut from 6.25 BTC to 3.125 BTC, reducing the new Bitcoin supply rate. History shows Bitcoin often starts a steady climb about 4-5 months after a halving to surpass old highs. For example, Bitcoin was $8,750 at the May 2020 halving before jumping 430% to $61,300 by mid-March 2021. The excitement surrounding the upcoming halving could further propel Bitcoin’s bull run.

Bitcoin’s Potential Remains Strong

In summary, Bitcoin reaching over $71,000 highlights the growing optimism around crypto. With the halving nearing and history pointing to more upside, Bitcoin continues attracting attention as a formidable asset class. Investors watch closely as Bitcoin navigates uncharted territory on its way to new highs.

Tags: BitcoinBTCcryptocurrencyHalving event
Tweet1ShareShare
Previous Post

Tether Partners with Celo for Enhanced Stablecoin Payments Experience

Next Post

Over $300 Million in Crypto Was Liquidated in Less Than 24 Hours: Here is Why

DON'T MISS THESE! HOT OFF THE PRESS

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Load More

Related News

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.