Mar 04, 2024

Bitcoin Sets New Record in Euros, Reaching $65K: What This Means for Web 3.0 and AI Marketing

Bitcoin Breaks New Record Against Euro, Reaching $65,000 Bitcoin (BTC) has achieved a new milestone against the euro, surpassing its previous all-time high and reaching a new multi-year high of $65,000. The cryptocurrency broke through the 60,000 euro mark on March 4, marking the first time in history that it has reached such a value…

Bitcoin Breaks New Record Against Euro, Reaching $65,000

Bitcoin (BTC) has achieved a new milestone against the euro, surpassing its previous all-time high and reaching a new multi-year high of $65,000.

The cryptocurrency broke through the 60,000 euro mark on March 4, marking the first time in history that it has reached such a value against the euro.

According to data from TradingView, Bitcoin touched 60,393 euros at 8:30 am UTC, representing a 5% increase from its intraday low of 57,521 EUR. As of now, Bitcoin is trading at 59,981 euros, with a year-to-date increase of 56%.

Bitcoin has achieved several milestones leading up to its current record-breaking price. On February 28, it surpassed its previous all-time high of 53,000 euros, which was set in September 2021.

The Impact of Web 3.0 and AI on Cryptocurrency Marketing

The world of cryptocurrency is constantly evolving, with new technologies such as Web 3.0 and AI playing a significant role in its growth. These advancements have revolutionized the way marketing is done in the crypto space, with strategies such as web 3.0 marketing and AI marketing becoming increasingly popular.

Web 3.0, also known as the decentralized web, refers to the next generation of the internet that is built on blockchain technology. This has opened up new possibilities for marketing in the crypto world, allowing for more secure and transparent interactions between businesses and consumers.

Similarly, AI has also made a significant impact on cryptocurrency marketing. With the ability to analyze vast amounts of data and make predictions, AI has become a powerful tool for targeting and engaging with potential customers. This is evident in the rise of China’s AI anchors, which have become a popular way for companies to market their products and services.

New Highs for Bitcoin Against Multiple Fiat Currencies in 2024

Bitcoin continues to soar to new heights, surpassing previous records against various fiat currencies in 2024. The Chinese yuan (CNY), the world’s largest fiat currency by market capitalization, is just one of the many currencies that Bitcoin has broken new highs against.

In late February, BTC reached an all-time high against the CNY, surpassing its previous record of approximately 414,000 CNY, according to data from Xe.com. As of writing, BTC is valued at 467,506 CNY.

Notably, angel investor and former chief financial officer of Coinbase, Balaji Srinivasan, reported that Bitcoin has broken all-time highs in over 30 countries as of February 28th, including China, India, Japan, South Korea, and Argentina.

While Bitcoin has reached $65,000, there are still a few fiat currencies that it has yet to break new highs against, such as the United States dollar, the Swiss franc, the Brazilian real, and the Mexican peso.

Bitcoin’s Trading and All-Time Highs in Different Currencies

As of now, Bitcoin is being traded at $65,000, which is a 6% decrease from its record high of $69,000 on Coinbase in November 2021.

According to Sam Wouters, the marketing head of River Intelligence, Bitcoin has set its sights on reaching the top in the Mexican peso market. Data from Xe.com shows that BTC is currently trading at 1.1 million pesos, a 24% drop from its previous high of 1.4 million pesos in November 2021.

With the launch of spot Bitcoin exchange-traded funds (ETFs) in the U.S. on January 11, 2024, Bitcoin has been breaking all-time highs in various fiat currencies. This has led to increased exposure for the cryptocurrency. As of March 1, Bitcoin ETF issuers have purchased at least 340,000 BTC, not including the large BTC sales made by the Grayscale Bitcoin Trust ETF.

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