Bitcoin hits record above $71,000 $BTC 🚀

Bitcoin hit a record high on Monday above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down.

Britain's financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after saying on Monday it will now permit recognised investment exchanges to launch crypto-backed exchange-traded notes.

Bitcoin rose by as much as 4.8% to a record $71,677 in European trading, bringing gains for the year so far to 70%.

Supply of bitcoin, which is limited to 21 million tokens, is going to get tighter in April, when the so-called halving event takes place. Every four years, the rate at which new supply is released into circulation, as well as the reward for crypto miners, is halved, which tends to support the price.

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