# What Will Push Bitcoin Higher? *Author: Bankless* *Published: Mar 5, 2024* *Source: https://www.bankless.com/read/what-will-push-bitcoin-higher* --- [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/Group-621--1-.png)](https://www.bankless.com/sponsor/synfutures-1709588086?ref=8-bitcoin-l2s-you-should-watch&email=true) What Will Push Bitcoin Higher? Published on Mar 5, 2024 [ View in Browser ](https://bankless.com/read/briefs) --- [**Sponsor: SynFutures**](https://www.bankless.com/sponsor/synfutures-1709588086?ref=8-bitcoin-l2s-you-should-watch&email=true) β€” Trade perps on SynFutures V3 and earn 3X airdrop rewards: [Trade on SynFutures V3](https://www.bankless.com/sponsor/synfutures-1709588086?ref=8-bitcoin-l2s-you-should-watch&email=true) .Β  . Β . NEED TO KNOW BTC Hits $69,324 [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/Group-14--47-.png)](https://www.bankless.com/dashboard)- **🟠 BTC gets high. **Bitcoin surpassed its all-time high on Tuesday, and crypto celebrated for seconds before traders dumped at size, bringing BTC down as far as nearly $61K. - πŸ’° **MicroStrategy reloads.** Michael Saylor wants more BTC and is [raising $600 million](https://x.com/saylor/status/1764758591985058146?s=20) to purchase it. - πŸ‘©β€βš–οΈ **Do Kwon strikes back.** Do Kwon beat the odds and [won his extradition appeal](https://x.com/CoinDesk/status/1764997651534078240?s=20). Next, the case faces a higher court in Montenegro. .Β  . Β . TODAY IN MARKETS What Will Push Bitcoin Higher? [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/image---2024-03-05T161736.476.png)](https://www.bankless.com/what-will-push-btc-even-higher)**πŸ“Š All-time high moment.** As if lifted towards the heavens by inflows to spot BTC ETFs themselves, Bitcoin’s price ascended upwards by 2% on the US open to hit all-time highs on many exchanges, including Coinbase, where price reached $69,324 per coin! While celebratory tweets cataloged the moment across Crypto Twitter, elation was short-lived, with BTC unable to hold above all-time highs for even a minute before plunging more than 10% over the next few hours. **What catalysts can push BTC back above all-time highs?** *Read on for more analysis *πŸ‘‡ [Unlock Citizen-Only Analysis](https://www.bankless.com/what-will-push-btc-even-higher) Prices as of 5pm ET 24hr 7d ![](https://banklesspublic.b-cdn.net/cmc.png) **Crypto** $2.36T β†˜ 5.1% β†— 10.3% ![](https://banklesspublic.b-cdn.net/btc.png) **BTC** $63,342 β†˜ 6.1% β†— 11.6% ![](https://banklesspublic.b-cdn.net/eth.png) **ETH** $3,520 β†˜ 1.7% β†— 8.4% .Β  . Β . ANALYSIS 8 Bitcoin L2s to Watch Bankless Authors: [ William Peaster](https://twitter.com/WPeaster) & [ David C.](https://twitter.com/davewardonline) [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/image---2024-03-05T161728.534.png)](https://www.bankless.com/8-bitcoin-l2s-you-should-watch)As Bitcoin celebrates a new all-time high, it's time to take a closer look at one of the investment narratives that's helping drive renewed interest toward the asset – **Bitcoin L2s**. *Check out the 8 BTC Layer 2s we're watching* πŸ‘‡ [Read the Full Analysis](https://www.bankless.com/8-bitcoin-l2s-you-should-watch) --- --- *This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=read/what-will-push-bitcoin-higher)*