Bitcoin briefly rises to record high over $70,000

Bitcoin hit a new record high of $70,170 on Friday

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It's currently trading around $69,304, on track for a 10% weekly gain

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The rise coincides with the opening of the US stock market

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Increased investor interest in US spot Bitcoin ETFs may be a factor

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Investor hopes for Federal Reserve interest rate cuts might be a factor

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This week has seen high volatility in Bitcoin's price

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Bitcoin briefly dipped 10% after reaching a record high earlier

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The Bitcoin historical volatility index is at a near one-year high

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Experts expect continued volatility with potential for 10-20% price swings

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