Bitcoin has achieved a significant milestone by surpassing the €60,000 mark against the euro, hitting a new all-time high of $65,000. This historic feat was accomplished on March 4, marking a pivotal moment in Bitcoin’s journey.
At 8:30 am UTC, Bitcoin surged to €60,393, demonstrating a remarkable 5% increase from its intraday low of €57,521. This surge reflects a year-to-date growth of approximately 56%, as Bitcoin continues to captivate investors worldwide.
Bitcoin Shattering Several Milestones
Before breaching the €60,000 threshold, Bitcoin had already shattered several milestones. Notably, on February 28, Bitcoin surpassed its previous all-time high of approximately €53,000, which was established in September 2021.
Bitcoin’s ascent extends beyond the euro, as it has also set new all-time highs against various fiat currencies. In late February, Bitcoin broke records against the Chinese yuan, reaching an impressive 467,506 CNY. Balaji Srinivasan, an influential figure in the crypto space, noted that Bitcoin achieved all-time highs in over 30 countries, underscoring its global significance.
Remaining Frontiers
Despite its remarkable performance, Bitcoin has yet to conquer some fiat currencies, including the US dollar, Swiss franc, Brazilian real, and Mexican peso. Currently trading at $65,000, Bitcoin remains 6% below its all-time high of $69,000 set on Coinbase in November 2021.
Bitcoin’s latest surge against the euro underscores its resilience and growing acceptance in the financial landscape. As the cryptocurrency market continues to evolve, Bitcoin’s ability to surpass new milestones reaffirms its status as a dominant player in the digital asset space. Investors eagerly await its next move as Bitcoin charts new territory in the realm of finance.
