Bitcoin rate fell to 62 thousand dollars, this price was recorded at 23:22 on March 5. This is proven by change data Binance.
On the evening of March 5, the cryptocurrency reached a new absolute historical record of $69,210, surpassing the previous level of $68,982 set on November 10, 2021.
It is noteworthy that the Bitcoin price started to rise from the end of January, when it was traded at $39,521. Since then, the cryptocurrency has regularly updated its records for several months. Experts point to regulatory changes adopted by the U.S. Securities and Exchange Commission in January as one reason for the rise.
In particular, the approval of the country’s first exchange-traded funds (ETFs) for Bitcoin contributed to the increased interest in this cryptocurrency.
On March 5, Binance stopped trading with another currency. We are talking about the Nigerian naira. Starting Friday, all Nigerian currency balances will be automatically converted to USDT stablecoin. Solution receipt It is in the midst of Nigerian authorities’ ongoing investigation into Binance.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.