Bitcoin reached a new all-time high of $70,136.33 on Friday due to investor demand and US interest rate speculation.

Bitcoin reached $70,136.33, a new all-time high, on Friday, just days after breaking its previous record. The surge in price was driven by increasing investor demand and speculation about potential US interest rate reductions. However, the cryptocurrency soon plummeted, with the price falling to around $68,646 within minutes of reaching the record high.