Bitcoin hits new high in baht on Bitkub amid global surge

Bitcoin‘s price achieved an unprecedented high of 2.37 million baht on Bitkub Exchange yesterday, a significant rise prompted by the cryptocurrency’s global price surpassing its previous record of US$69,000 per token in November 2021. This demonstrates an impressive 190% rally in the past year.

Crypto financial intelligence platform, Coin Metrics, highlighted that Bitcoin hit its peak at US$69,210 on March 5, successfully breaking the former record of US$68,982.20 on November 10, 2021.

Research director at crypto data provider Kaiko, Clara Medalie, perceives this new record as “an important psychological milestone.”

“It demonstrates crypto’s remarkable ability to bounce back and continue to persevere despite major headwinds.”

Bitcoin’s price surge has been closely observed by investors since February as its narrative continues to push its…