Bitcoin Price Today: Bitcoin’s price has crossed the $71,000 mark for the first time. This year, its price has surged by over 70%. Recent boosts in Bitcoin’s price were fueled by the opening of Bitcoin ETFs and expectations of interest rate cuts by the Federal Reserve.

Highlights:

Bitcoin surpasses $71,000 for the first time.
Its price has surged by approximately 70% this year.
In 2010, its price was around 66 cents.

Bitcoin, the country’s oldest, most popular, and largest cryptocurrency, has set a new record today. On Monday, its price crossed the $71,000 mark for the first time. In the past 24 hours, its price has seen significant growth, reaching $71,030 during trading. Bitcoin’s price has surged by around 70% this year. Recent cuts in the Federal Reserve’s interest rates and the opening of Bitcoin ETFs have contributed to the rapid increase in Bitcoin’s price. The U.S. Securities and Exchange Commission approved 11 spot Bitcoin ETFs in January.

By the end of the week on March 1st, inflows into the top ten largest Bitcoin spot funds in the United States reached $2.2 billion. More than $2 billion flowed into the accounts of BlackRock’s Bitcoin Trust. Analysts suggest that Bitcoin’s price could reach up to $76,000. Amidst this, the global cryptocurrency market cap has reached $2.68 trillion, with Bitcoin’s market cap alone hitting $1.399 trillion. According to CoinMarketCap, Bitcoin holds a 52.17% share of the global cryptocurrency market.

According to CoinMarketCap, Bitcoin’s price has surged by over 200% in the past year. Bitcoin, the world’s oldest cryptocurrency, was launched in 2009. In 2010, its price was $0.008, approximately 66 cents. At that time, you could buy 125 bitcoins for $1. If you had purchased two bitcoins for ₹1.30, your investment would be worth ₹11,750,720 today. Bitcoin’s virtual creator, Satoshi Nakamoto, released its whitepaper on October 28, 2008, with the mint date being January 3, 2009

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