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    Home » Bitcoin Soars to 70000 on Bullish Momentum
    Bitcoin

    Bitcoin Soars to 70000 on Bullish Momentum

    By adminOct. 28, 2024No Comments2 Mins Read
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    Bitcoin Soars to 70000 on Bullish Momentum
    Bitcoin Soars to 70000 on Bullish Momentum
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    Bitcoin (BTC) seems to be on a hot streak, closing in on its all-time high (ATH) after a brief correction last week.
    Moments ago
    Bitcoin’s price
    surged to over $70,000 – a level last seen in June.


    This represents a 2.75% jump in the past 24 hours with a trading volume of around $37.4 billion. Bitcoin’s market cap is currently at $1.384 trillion.
    An it is not just BTC as other cryptocrrencies are gaining bullis hmomentum. For example
    Ethereum (ETH)
    registered a 2% surge in the past 24 hours and is on its way to break the $2,600 barrier.
    READ MORE:


    Analyst Predicts Diminishing Returns for Altcoins as Crypto Market Matures
    Dogcoin (DOGE)
    is the biggest winner during this period with a notable 13.55% surge to around $0.16 and a 24-hour trading volume of $3 billion.
    The total crypto market cap is not at $2.36 trillion (+2.05% for the day).
    At the time of publishing, Bitcoin retraced back to $69,900, but investor sentiment seems bullish, especially with the upcoming U.S. presidential election, the crypto community expects a new ATH and a continued upward trend.
    Additionally, Bitcoin funds
    recorded
    $920 million in inflows for the week ending Oct. 25, bringing YTD inflows to $25.4 billion.

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    Previous ArticleBillionaire Investor Asserts Bitcoin to Outperform Gold as Premier Inflation Safeguard
    Next Article Binance Introduces Groundbreaking Perpetual Futures Contract Empowering Traders with 75x Leverage

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