Baku: Bitcoin experienced a significant price increase on March 1, with its value rising by 7.51% to reach $85,051 on cryptocurrency exchanges, as reported by APA-Economics.

According to Azeri-Press News Agency, Ethereum also saw an increase, with its price climbing 7.38% to $2,239 over the last day. Other cryptocurrencies showed similar upward trends, with XRP rising by 9.42%, BNB by 5.12%, and Tether experiencing a modest increase of 0.10%.

Bitcoin’s current price is still below its all-time high, which was recorded on December 16 of the previous year, when it surpassed $108,000. The recent surge is part of a broader trend affecting several prominent digital currencies.