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In the 24 hours before 08:05 am UTC on March 11, Bitcoin surged 2.62%, setting a new record high of $71,415.
According to CoinMarketCap data, the world’s first cryptocurrency increased in value by nearly 10% over the previous week and 47% over the previous month. Three days ago, Ether crossed the $4,000 threshold for the first time since December 2021. This is the new all-time high.
Bitcoin hit a new all-time high 36 days before the much anticipated Bitcoin halving event set to occur on April 20, which will see mining rewards reduced from 6.25 BTC ($418,800) to 3.125 BTC ($209,400).
