CandleFocus Bitcoin Tops $73.5K, Climbing Just Shy of New Record High
2024-10-29
Author: Content Editor
Bitcoin has surged to within a few dollars of its all-time high of $73,798, which was set in March of this year. The cryptocurrency is now up nearly 75% year-to-date and has more than doubled in value compared to a year ago. Positive catalysts for this rally include the success of spot ETFs, monetary easing from major economies, and the increasing likelihood of a victory for crypto-friendly presidential candidate Donald Trump. The recent gain has brought bitcoin's price to $73,000, and it is trading in line with the broader cryptocurrency market.
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