{"id":1660,"date":"2024-03-08T16:31:39","date_gmt":"2024-03-08T16:31:39","guid":{"rendered":"https:\/\/stoxpo.com\/?p=1660"},"modified":"2024-03-08T16:31:41","modified_gmt":"2024-03-08T16:31:41","slug":"bitcoin-surges-past-70000-yet-faces-volatility","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/03\/08\/bitcoin-surges-past-70000-yet-faces-volatility\/","title":{"rendered":"Bitcoin Surges Past $70,000, Yet Faces Volatility"},"content":{"rendered":"\n

The early advance may have been driven in part by investors who were weighing the February jobs report<\/h2>\n\n\n\n

Bitcoin (BTC) shattered records on Friday, surging beyond $70,000 for the first time ever before retreating slightly to $66,943.70, as reported by Coin Metrics. The cryptocurrency’s remarkable ascent saw it reaching a peak of $70,170.00, surpassing its previous high set just days earlier.<\/p>\n\n\n\n

This rapid movement coincided with the opening of the U.S. stock market, indicating a growing correlation between cryptocurrency and traditional asset trading hours, especially with the introduction of spot bitcoin exchange-traded funds in the country.<\/p>\n\n\n\n

While initial optimism surrounding the February jobs report may have fueled the early surge, the week has been marked by significant volatility in crypto markets. Bitcoin’s recent roller-coaster ride, experiencing a sharp 10% drop after reaching a new record, underscores the unpredictable nature of digital currency trading. Despite this turbulence, experts like Antoni Trenchev, co-founder of Nexo crypto exchange, anticipate further gains in 2024, albeit with accompanying bouts of volatility.<\/p>\n\n\n\n

As bitcoin continues to rewrite price records, its journey towards mainstream acceptance remains punctuated by fluctuations, highlighting the challenges and opportunities inherent in the cryptocurrency landscape.<\/p>\n\n\n\n

You might like this article:U.S. Labor Market Resilience Shows in February Job Data<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The early advance may have been driven in part by investors who were weighing the February jobs report Bitcoin (BTC) shattered records on Friday, surging beyond $70,000 for the first time ever before retreating slightly to $66,943.70, as reported by Coin Metrics. The cryptocurrency’s remarkable ascent saw it reaching a peak of $70,170.00, surpassing its […]<\/p>\n","protected":false},"author":1,"featured_media":1488,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[370,362],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1660"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=1660"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1660\/revisions"}],"predecessor-version":[{"id":1661,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1660\/revisions\/1661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1488"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=1660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=1660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=1660"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=1660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}