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Bitcoin new alltime high above 65k

Bitcoin hits new alltime high 65k

MyBT

Since the start of the year, bitcoin has seen its market value surge more than 50% – most of that in the last few weeks — following the approval of spot bitcoin exchange-traded funds last month. Bitcoin alltime high above 65k More traders are expected to pour into the new spot ETFs market too ahead of Bitcoin’s April 2024 halving event, a process designed to slow the release of the cryptocurrency. 
Bitcoin alltime above 65k
Bitcoin new alltime high 65k

Of course, this is a simplification of bitcoin’s potential price movements. Cryptocurrency is incredibly volatile and that decade of 135% annualized returns saw multiple instances where bitcoin lost half of its value or more in a short time and didn’t return to previous highs for months or years. Related Posts However, this is bad news.

Bitcoin’s Wild Price Swings Point to the Rising Influence of ETF Buyers

As of the time of publication, the price of Bitcoin had declined 2.50% to $65,389. An hour after Bitcoin reached its peak which gauges the size of the overall cryptocurrency market, fell 1.8%. High-Risk DeFi Projects Attract Billion Of Dollars In Bitcoin: Report Data shows a supply crunch may also soon grip spot exchanges. Leading analytics provider Glassnode highlights exchange balances have dropped to record lows, pointing to potential shortages ahead. At the same time popular buying app Cash App reportedly has no coins left to sell, exhausting its supply amidst surging demand.
Bitcoin new alltime 65k

History shows that halving events typically lead to a noteworthy boost in Bitcoin’s value. So, the current surge in Bitcoin’s price is likely driven by investors anticipating the upcoming halving, coupled with the growing acceptance of cryptocurrency by regulators and traditional markets. These Bitcoin (BTC) Investors Resume Accumulation Spree After 5-Month Hiatus: Glassnode But keep in mind that the path to $1.5 million is unlikely to be gently sloping upward. There will be hills and valleys along the way. Some of those hills will look like insurmountable mountains, and you might question how Bitcoin is going to possibly climb higher. That's when the volatility you've been worrying about now is going to become the rocket fuel needed for Bitcoin to soar higher. So if you're thinking of abandoning this crypto now, stop worrying and learn to buy the dip.