Bitcoin’s previous all-time high was around $69,044 in November 2021. by Katherine Ross /. March 5, 2024 10:06 am. Bitcoin’s price hit an all-time highon Tuesday, surpassing $69,045 after posting sustained market gains through Sunday.. Bitcoin touched $68,000 late Monday, but didn’t manage to carve out a new all-time high before hitting resistance and falling. Blockworks previously reported that it was a key resistance level, according to analysts.. In November 2021, bitcoin (BTC) hit its previous all-time high of $69,044, according to data from CoinGecko. Ether (ETH) also gained intraday, hovering near $3,600.. Before surpassing its all-time high against the US dollar, bitcoin’s market capitalization topped $1.3 trillion, passing its previous market cap all-time high. Bitcoin also crossed all-time highs in multiple other currencies, including the euro.. Read more: Bitcoin has a new all-time high, depending on who you ask. Last week, bitcoin ETFs hit record volumes, notching a high of $7.6 billion before retreating to roughly $5 billion on Thursday.. However, on Friday, net inflows were negative after more outflows from Grayscale’s ETF offset inflows from Blackrock’s bitcoin ETF.. Read more: Bitcoin ETFs now hold nearly 4% of all bitcoin — and they’re not slowing down. Aside from high volume from the ETFs, bitcoin itself climbed last week before retreating to roughly $60,000. Last Wednesday, it climbed to levels not seen in roughly 27 months before notching a 10% drop.. But the moves have left some wondering if the momentum can last.. “Most can’t help but scoff at the pace at which Bitcoin has climbed, having gained 47% in the last month. History tells us we will see a pullback ahead of the halving in April — however, we have never before had an ETF in the space pulling billions of dollars of institutional money into Bitcoin on a weekly basis,” Lucas Kiely, chief information officer at Yield App, said.. James Lavish, managing partner at the Bitcoin Opportunity Fund, posted on X that bitcoin “has not yet entered ‘price discovery mode.’”. He added that a new all-time high will have to be established before such a mode takes place.. Bitcoin’s fourth halving is set to take place in April, which could act as a tailwind according to some analysts.. Read from our opinion section: Stop worrying so much about the Bitcoin halving. Don’t miss the next big story – join our free daily newsletter.. Tags. Bitcoin. bitcoin etf. BlackRock. BTC. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. buy ticketslearn more. Day 0x. HYATT REGENCY SALT LAKE CITY. TUES, OCT. 8, 2024. Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, . . learn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. Wormhole is a suite of open-source, permissionless protocols used to move assets and queries across blockchains. Despite being a common misconception, Wormhole is not just a token bridge. Nevertheless, protocols can build token bridges on top of Wormhole by leveraging the cross-chain messaging provided.. by Boccaccio. more from news. Select a tab. After the Nigerian government threatened fines and possible arrests, Binance announced it planned to end support for the naira. by Katherine Ross /. March 5, 2024. German exchange giant Deutsche Börse intros digital asset trading, settlement and custody services amid crypto price rally. by Ben Strack /. March 5, 2024. Tether, the world’s largest stablecoin, continues to befuddle FUDers by minting its way into an exclusive club worth over $100 billion. by Macauley Peterson /. March 5, 2024. The delay was expected, putting a May decision on potential ETH ETFs in focus. by Katherine Ross /. March 4, 2024. MicroStrategy’s stock was up over 20% in intraday trading Monday. by Katherine Ross /. March 4, 2024. Albert Meo, most recently the executive director of regulatory policy at Morgan Stanley, has been named chief financial officer of Prometheum. by Casey Wagner /. March 4, 2024