Bitcoin (BTC) made history yesterday by reaching its highest ever rate in euros. The digital currency soared to a new all-time high of €68,000 in the evening, breaking the previous record of €67,500. In U.S. dollars, bitcoin is only a few hundred dollars away from an all-time high, making today promises to be an exciting day for investors and enthusiasts worldwide.

Positive sentiment and cautious optimism

The new record high in euros has boosted sentiment in the crypto market. Still, most altcoins such as Ethereum behind in growth relative to bitcoin. Only a few other digital currencies are also showing significant gains, but for the vast majority of altcoins, relative stability prevails, despite the euphoria surrounding BTC.

Advancing to new all-time-highs

Investors had reason to rejoice early in the day, when bitcoin broke through the $70,000 mark on the night of Monday to Tuesday. The price then rose steadily, eventually peaking at $73,600, close to the long-awaited record dollar price of $73,800. This advance was largely due to strong demand and a wave of optimism surrounding bitcoin spot Exchange-Traded Funds (ETFs) in the United States.

U.S. ETFs drive share price appreciation

The strong performance of U.S. bitcoin spot ETFs, which recorded inflows of nearly $1 billion yesterday, played a crucial role in the recent price rally. This interest caused investors to get in en masse, pushing the bitcoin price further upward. The current price is around $72,300 in dollars, and with only a rise of about 2%, bitcoin could set another record today. Should the price stabilize, the $70,000 mark could potentially serve as new support for the digital currency.

Looking to the future

The crypto market is holding its breath as bitcoin is close to its all-time high in dollars. For investors, prediction is high as to whether the bulls can lift the price above this historic limit, or whether they will settle for the gains made for now. Either way, bitcoin has made its mark on a historic day for the crypto world and remains the talk of the day in the financial markets.