Bitcoin briefly jumps to an unprecedented peak of $70,000

Bitcoin rose to an unprecedented level for a short period today, Friday, in volatile trading, coinciding with the continued surge in demand for cryptocurrencies in the investment community.

According to Reuters, Bitcoin exceeded the level of $70,000 for the first time, supported by investor demand for new crypto products that can be traded in US spot markets and expectations of a decline in global interest rates.

Bitcoin rose to $70,105 before quickly declining, recording $68,317.72 in the latest trading.