Bitcoin catapulted above $70,000 for the first time when the market opened at 9:30 a.m. EST on March 8. The new high was $70,170, breaking last week’s record of just over $69,000. The token jumped above the $70,000 level briefly before selling off throughout the morning. At the time of writing, the price is moving between $68,000 and $69,000. The new high marks a sharp move upward from earlier this week. After reaching highs on March 5, the token sold off heavily and went as low as $59,000. However, just days after touching new highs and selling off by nearly $10,000, Bitcoin has recovered to …