MONEDIAL.comThe History of Bitcoin

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Bitcoin reaches pre-halving all-time high near $73,800

Bitcoin sets a new dollar-denominated all-time high before a scheduled halving, a first in its market-cycle history.

On March 14, 2024, Bitcoin reaches pre-halving all-time high near $73,800. Bitcoin sets a new dollar-denominated all-time high before a scheduled halving, a first in its market-cycle history.

The timing distinguished the move from earlier Bitcoin cycles: the market exceeded the previous cycle's record before the scheduled subsidy halving rather than afterward. Spot ETF demand was one major new structural factor in the market.

The episode became a reference point for how Bitcoin traded within a rapidly changing market structure shaped by spot ETFs, macro liquidity and shifting policy expectations.

Sources

  1. Reuters coverage of Bitcoin's March 2024 record high