Bitcoin Hits $70,000 Mark for First Time Ever Before Retreating
- Ether approaches $4,000 for first time since December 2021
- Dogecoin and Pepe are among the biggest gainers this week
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Bitcoin rose to $70,000 for the first time, before quickly retreating as traders appear to be already shifting their attention elsewhere for higher returns in fringe tokens known as memecoins.
Tokens such as Dogecoin and Pepe posted double-digit percentage gains on Friday, adding to the eye-popping rallies seen throughout the week. Ether, the second-largest cryptocurrency by market value, is up about 16% so far this week, or more than double its larger peer.