After reaching a new all-time high (ATH) of $72,709, the BTC price fell more than 3%, dropping below $70,000 shortly after the U.S. Consumer Price Index (CPI) report was released Tuesday morning.
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Bitcoin has surged 14% in the past week, climbing from $63,814.08 on March 6, 2024, to an impressive $72,738.19 by March 12, 2024.
On March 7, 2024, daily revenue for Bitcoin miners peaked at $78.6 million, eclipsing the previous high of $77.3 million recorded on April 14, 2021.
This milestone underscores a significant shift in the investment landscape, with Bitcoin and other digital assets increasingly being embraced by mainstream financial institutions.
Quigley remarked on Bitcoin’s unique position as a sentiment-driven asset, devoid of traditional valuation metrics, making it a magnet for speculative interest.
John cautions against over-leverage and unrealistic expectations, predicting a possible correction to the mid-$40k range.
Uncover the reasons behind Bitcoin’s dramatic 23% surge in just three days and explore expert insights on what the future holds for BTC
“There is a huge opportunity to bring DeFi and other innovations to the Bitcoin community through BTC restaking,” states Blockchain Capital General Partner, Aleks Larsen.
Under the new promotion, Binance is offering users trading both cryptocurrencies and traditional assets on other platforms a streamlined pathway to attain VIP status.
The report arrives amidst Ethereum’s remarkable ascent, soaring over 40% to $3,260 within a mere two-month period.