Bitcoin Reclaims $71,000, Less Than 5% From New All-Time High

Jun 4, 2024, 04:58 PM

Bitcoin has reclaimed the $71,000 mark, marking a significant milestone for the cryptocurrency. This surge comes as Bitcoin miners show no urgency to sell, anticipating further price increases over the next 12 months. The cryptocurrency is now less than a 5% increase away from reaching a new all-time high. The recent price movement has sparked discussions within the crypto community about Bitcoin's future trajectory and its role as a unit of account. Bitcoin had previously reached $70,000 before this latest surge.