Bitcoin (BTC) crossed $71,000 for the primary time ever in the course of the Asian buying and selling hours on Monday.
The main cryptocurrency has been steadily rising for the reason that approval of the spot bitcoin exchange-traded funds within the U.S. The token crossed $70,000 for the primary time ever final week.
The rally has lifted the annualized three-month futures premium on main exchanges, together with Binance, to above 25%. The elevated premium might entice money and carry merchants, boosting general market liquidity.
UPDATE (March 11, 07:45 UTC): Updates headline and lede, provides particulars.
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