ActionBitcoin neared a new record high, with the coin rising over 3% today to as much as $73,560 at 3:10 p.m. ET. It’s current all-time high price of $73,737 was hit on March 14 2024,

Bitcoin broke the $70,000 mark on Monday, prompting a $48 billion surge in trading volume. Analysts told CoinDesk that the price action was driven by a combination of whale activity on Binance and many traders pricing in a victory for pro-crypto candidate Donald Trump.