Bitcoin all time high $60000

While it's true Bitcoin's price surged in early 2023, it didn't break any all-time records.

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however, it reach $60,000 for the first time in over two years, which is a significant milestone.

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The approval of new U.S. spot Bitcoin exchange-traded funds (ETFs) in January 2023 opened doors for easier institutional investment.

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Which resulted in bringing a significant influx of capital into the market.

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Established companies like MicroStrategy continued to purchase Bitcoin, demonstrating growing institutional confidence in the cryptocurrency.

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The overall market sentiment around Bitcoin turned positive, fueled by factors like anticipation surrounding the upcoming Bitcoin halving event, historically associated with price increases.

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Bitcoin's fixed supply, capped at 21 million coins, creates scarcity and contributes to price appreciation as demand rises.

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The world’s first cryptocurrency is up over 13% on the weekly chart and 37% during the past month

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On Thursday, the token rose as much as 5.12% to $63,649 by 9:30 am (local time) in New York. Earlier, Bitcoin spiked to $63,968 on Wednesday

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have you invested in bitcoin?, click here and read in detail..

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