Date: 2024-03-05T18:06:33Z Creator: Bitfolio Academy
Bitcoin reached a new all-time high, surpassing its 2021 record. This surge is attributed to excitement over bitcoin ETFs and the upcoming halving event. Bitcoin has proven its resilience by bouncing back from major setbacks and its volatility has decreased over time. The recent surge was also fueled by the launch of U.S. spot bitcoin ETFs and the tightening supply of bitcoin leading up to the halving event. This record high is a significant milestone for the crypto industry, which has struggled with reputation and regulation issues. It could also signal renewed interest from retail investors. However, some analysts warn that the market is due for a correction and investors should be cautious.
Read more: https://blog.bitfolio.academy/coins/bitcoin/bitcoin-investment-guide-surpassing-69000/
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