On March 11, Beijing time, the price of Bitcoin exceeded $71,000, setting another record high. In the past month, Bitcoin has experienced a wave of gains and has hit record highs several times.

Bitcoin hit a record of $68,999.99 per coin in November 2021. The market generally believes that "halving" is an important factor driving Bitcoin's price. On January 11, the U.S. Securities and Exchange Commission officially approved the listing of Bitcoin ETF. The London Stock Exchange announced it will begin accepting Bitcoin on March 11.