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🔵RALLY BITCOIN FERMA A $250 DALL'ALTA RECORD

🔵RALLY BITCOIN FERMA A $250 DALL'ALTA RECORD

Giorno: 05 marzo 2024 | Ora: 10:58 Il valore di Bitcoin è aumentato del 10% raggiungendo i $68.750, a soli $250 dal suo massimo storico. Questo rally potrebbe essere influenzato dal prossimo halving di Bitcoin e ha portato la capitalizzazione di mercato delle criptovalute oltre i $2,5 trilioni.

BITCOIN RALLY STOPPED $250 SHORT OF RECORD HIGH

Bitcoin prices skyrocketed on Monday, increasing by 10% and reaching $68,750 per token. This surge brought the cryptocurrency just $250 away from its all-time high of $69,000, which was achieved in November 2021. Despite this impressive rally, Bitcoin prices have slightly cooled down and are currently hovering just above the $66,000 mark.

BITCOIN HALVING COULD BE A FACTOR IN PLAY

One possible factor driving up Bitcoin's valuation near its record high is the upcoming Bitcoin halving event. This event, which involves a reduction in the rewards given to Bitcoin miners, has historically been associated with increased demand for the cryptocurrency. This may explain why Bitcoin's price has been steadily climbing and why the overall market capitalization of the crypto space has surpassed $2.5 trillion for the first time since late 2021.

CRYPTO MARKET CAP SURPASSES $2.5 TRILLION

The recent surge in Bitcoin's price has contributed to the overall market capitalization of the cryptocurrency market surpassing $2.5 trillion. This milestone has not been reached since late 2021, when the market was coming down from its record high of $3 trillion. The significant increase in market capitalization indicates the growing interest and investment in cryptocurrencies, further solidifying their position as a prominent asset class.

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Illustration by TradingView

Source: Yahoo, Bloomberg , Reuters, Trading Economics,

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