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title
Bitcoin Hits Record High of $69,202: Celebrated Too Soon?
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846 days later, it has finally happened… Bitcoin finally broke above its $68,991.85 all-time high level reached back in November 2021. BTC surged to a record high of $69,202 for the first time in over two years – but the world’s largest cryptocurrency failed to maintain its new ATH for a long time. Simply explained, the price record was short-lived. The token jumped as much as 2.5% shortly after 10 a.m. New York time. However, it almost immediately reversed course and dipped back to $59,317.16 – a level that hasn’t been seen since two weeks now. Which raises the question… did we celebrate too soon?Gains in recent months have been fuelled by the anticipation (and eventual U.S. approval) of Bitcoin exchange traded funds (ETFs) earlier this year, which broadened access to a much bigger class of investors. The price of BTC has surged about 60% since the approval of ETFs in January. The much anticipated April halving has also been influencing the coin’s price heavily. Learn more about Bitc...
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