Bitcoin reached an unprecedented level on Monday, exceeding $72,000, showing no signs of losing momentum in its upward trajectory. In the latest transactions, Bitcoin rose by 4.4% to $72,649, after hitting $72,739, according to Reuters.

• Bitcoin falls below $20,000 for the first time since 2020

• Bitcoin is down to its lowest level in 18 months

The world’s most valuable cryptocurrency gained support from cash flows into new Bitcoin-focused funds in the spot market, and it was also boosted by hopes of the Federal Reserve soon lowering interest rates.