Bitcoin touched a fresh milestone, with reports indicating a price around 70,000 dollars, signaling a new peak for the cryptocurrency, according to RIA News.
On the Binance platform, which handles the largest daily trading volume in crypto, Bitcoin gained about 0.94 percent for the day, trading near 67,800 dollars as of 18:39 Moscow time. Earlier, it had briefly crest higher, approaching 69,000 dollars and even reaching 69.9k, marking a new local high.
According to CoinMarketCap, a portal that averages prices from more than twenty exchanges, Bitcoin’s price averaged around 68,000 dollars, reflecting a rise of roughly 1.08 percent on the day. The data shown is daily, giving a snapshot of short-term momentum in the market.
On March 5, Bitcoin surpassed the Coinbase exchange’s prior high, briefly topping 69,354.92 dollars. Within a day, the price slipped again, prompting analysts to warn of a possible correction after such a rapid ascent. Market observers noted that the pace of the rise could lead to a period of consolidation as traders reassess momentum and liquidity across major platforms.
Observers also cautioned about the speculative elements surrounding Bitcoin trading in Russia and beyond, highlighting the potential risks tied to sudden price swings, leverage, and market psychology. While some investors see Bitcoin as a hedge or a high-growth asset, others emphasize the volatility and the importance of risk controls in active trading environments.