Bitcoin’s price surge continues as institutional demand reaches unprecedented levels and the impending halving threatens to reduce asset supply by half. Today, the BTCUSD trading pair has convincingly surpassed the $60,000 mark. What implications does this hold for the leading cryptocurrency by market capitalization
Bitcoin Surpasses $60,000 Mark for the First Time Since 2021
Just a month ago, Bitcoin struggled to break through the $50,000 barrier, and the introduction of the first-ever US spot BTC ETFs was perceived as a “sell the news” event. However, as February draws to a close, Bitcoin’s price demonstrates significant resilience, boasting over a 40% increase in a single month. Bullish momentum has propelled BTCUSD above $60,000, its current trading level.
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