Bitcoin Surges to Two-Year High, Nearing Record Levels

  • Price: Bitcoin reached $65,537, its highest point since November 2021.
  • Gain: This signifies a 50% increase so far in 2024, with most of the rise happening in recent weeks.
  • Drivers: The rally is attributed to:
    • Increased investment: Inflows into US-listed Bitcoin exchange-traded funds (ETFs) have surged.
    • Positive sentiment: Investor confidence has grown ahead of the upcoming Bitcoin halving event.
  • Future: Bitcoin is approaching its all-time high of $68,999.99, set in November 2021. Whether it surpasses this record remains to be seen.

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