{"id":263460,"date":"2024-03-12T14:16:39","date_gmt":"2024-03-12T08:46:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-price-hit-ath-why-is-btc-price-pumping-crypto-news\/"},"modified":"2024-03-12T14:16:50","modified_gmt":"2024-03-12T08:46:50","slug":"bitcoin-price-hit-ath-why-is-btc-price-pumping-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-price-hit-ath-why-is-btc-price-pumping-crypto-news\/","title":{"rendered":"Bitcoin Price Hit ATH , Why is BTC price Pumping? – Crypto News"},"content":{"rendered":"

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Bitcoin has achieved a broken-through resistance level to achieve an all-time high of $72,242.51. Having achieved a new ATH on March 5, 2024, and dropped to $63.80, BTC price has defied all odds soaring by 13% within six days. The bulls are in celebration and optimistic that Bitcoin will hit $80,000 before halving<\/span><\/a>. So, what drove up Bitcoin price to its peak?<\/span><\/p>\n

Market Performance of Bitcoin Price<\/b><\/span><\/h2>\n

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Bitcoin price<\/a> is trading at $71,947, demonstrating growth of\u00a0 4.64% in the past day, even though it is slightly below its all-time high of $72,850.71 by 1.33%. After breaking through the milestones, BTC price has soared to 116363188.87% since its launch in 2009. There was also growth in volume by 76.31% to reach $64.64 billion in the past 24 hours. This shows a heightened activity in terms of increased transactions involving bitcoin, whether selling or buying. The increase in prices has pushed the coin to a market cap of $1.42 trillion, positioning it as 1st on CoinMarketCap<\/span>. Bitcoin has also outperformed silver to become the eighth biggest asset based on market capitalization, according to Companies Market Cap<\/span><\/a>.\u00a0<\/span><\/p>\n

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