Bitcoin (BTC) experienced a significant price increase earlier today, reaching as high as $70,500 from around $67,000. However, the cryptocurrency quickly shed 2% in just one hour, briefly dropping below $69,000. As of press time, Bitcoin was trading at $69,000, still showing a gain of more than 2% over the past 24 hours.
The broader cryptocurrency market also saw positive movement, with the CoinDesk 20 Index recording a 3% gain during the same period. This increase was led by the native tokens of Near (NEAR), Aptos (APT), and Hedera (HBAR), which all saw gains of 6%-7%.
Overall, the cryptocurrency market continues to show resilience and potential for growth, with Bitcoin remaining a key player in the space.
