Bitcoin Is Less Than $4,000 Away From Regaining All-Time High Of $69K
Portfolio Pulse from Mehab Qureshi
Bitcoin (BTC) reached $65,000, approaching its all-time high of $69,000. The increase is driven by positive market sentiment, institutional demand, and the halving event. Open Interest on the CME for Bitcoin futures has reached a record $8.7 billion, indicating strong institutional interest. Whales holding at least 1,000 Bitcoin have increased their holdings by over 7% since October 2023.
March 04, 2024 | 9:04 am
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Bitcoin's price reached $65,000, moving towards its all-time high amid growing institutional interest and whale holdings.
The surge in Bitcoin's price is attributed to positive market sentiment, increased institutional demand, and the upcoming halving event. The record Open Interest on the CME for Bitcoin futures and the increase in whale holdings signal strong market support for Bitcoin, potentially driving its price closer to or beyond its all-time high.
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