Bitcoin at $63K, Traders Eye the All-Time Excessive at $69K

• Bitcoin is buying and selling at $63,500 and is simply 7% away from its all-time excessive.
• The buying and selling quantity of the cryptocurrency rose by 51.87% within the final 24 hours.
• BTC’s value has risen round 47% previously 30 days.

Bitcoin (BTC), the world’s largest digital forex, has witnessed a 23.5% surge previously seven days and is now eyeing its all-time excessive at $69,000, final witnessed in November 2021. 

In accordance with CoinMarketCap information, the value of BTC as of 10:37  p.m. ET on Sunday stood at $63,500, and the buying and selling quantity of the digital asset surged by 51.87% previously 24 hours. Moreover, the market capitalization of Bitcoin stands at $1.2 trillion. 

It’s essential to notice that Bitcoin is simply 7.37% shy of its all-time excessive, and previously 30 days, it has gone up by 47.2%, adopted by a 183.8% improve previously yr, as per CoinGecko.

Notably, the approval of spot Bitcoin exchange-traded funds (ETFs) in the US has performed a serious function in driving the costs of the main cryptocurrency. As reported earlier, the quantity of the newly authorised 9 spot BTC ETFs reached an all-time excessive of $7.69 billion on February 28 as Bitcoin surpassed $56,000…

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