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Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300, according to reports from AFP.
The remarkable rise in the price of Bitcoin, which has soared by almost 160% since October 2023, represents a stark contrast to the challenges faced by the digital asset market in 2022. During that time, the market endured an 18-month downturn, referred to as a "crypto-winter," characterized by corporate bankruptcies and scandals within the cryptoasset industry.
Bitcoin's recent surge, particularly the 44% increase witnessed in February and early March of this year alone, underscores the renewed optimism and investor interest in cryptocurrencies. The cryptocurrency's remarkable performance in recent months has reignited enthusiasm among investors and industry observers, signaling a resurgence in confidence in digital assets.
Despite occasional volatility and regulatory uncertainties, Bitcoin's latest milestone further cements its position as the flagship cryptocurrency and underscores its resilience in the face of market challenges.
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Bitcoin approached the 100,000 dollar mark on Thursday, fueled by investor optimism about a potentially more favorable regulatory landscape under the administration of President-elect Donald Trump
Bitcoin surged to an all-time high on Tuesday, nearing the 90,000 dollar mark with a peak of 89,900 during late Asian and early European trading
The U.S. dollar and stock index futures experienced notable increases
In 2024, the number of cryptocurrency holders has surged to 562 million, marking a significant increase of 33% from the 420 million reported at the same time last year
The price of Bitcoin dropped below 58,000 USD for the first time in two months early this morning
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