Bitcoin Returns to $67K in May 2024 After Halving

The world’s largest cryptocurrency has surged above $67,000 per coin as inflows into Bitcoin ETFs improve and U.S. inflation cools.

Bitcoin (BTC) has risen above $67,000, gaining nearly 3% in the past 24 hours. At one point, the world’s largest cryptocurrency reached $67,458.62. Over the past week, its price has increased by $7,000 per unit.

Currently, Bitcoin is trading at its highest level in a month. This is the first significant rise since the “halving” event at the end of April, which reduced the rewards for miners by half, an event expected to limit supply and stimulate BTC’s price increase.

Other cryptocurrencies have also seen substantial gains, with Ether up over 5% compared to yesterday, and SOL accumulating nearly 6.4%. The cryptocurrency market has warmed up after two months of mostly sideways or declining trends. – Crypto forum discussions about all aspects of cryptocurrency bitforum socialfi #InnovationSocialNetwork

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In just one week, the market price has increased by $7,000 per Bitcoin.