Cryptocurrency Price on March 7: Bitcoin trades above $66,000; Shiba Inu, Dogecoin shed up to 16%




After reaching an all-time high of $69,202 on Tuesday, Bitcoin fell in Wednesday trade. However, it gained momentum again in early trading on Thursday as bulls showed some signs of pulling out of their bets on the world's largest cryptocurrency.

Bitcoin jumped to an intraday peak of $67,637 in volatile trading, not too far from Tuesday's record high of $69,202. It was last 2.4% higher at $66,015.

The digital asset's meteoric rally - having already surged 57% for the year so far - has been fuelled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall.

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