Bitcoin (BTC) Moves To Break The All-Time Record

Bitcoin (BTC) managed to break the all-time record by reaching $64,854 on April 14, 2021. Afterwards, it started to decline rapidly due to FUD and negative news, falling to $ 28,805 on June 22. In the fourth quarter of the year, things turned around and Bitcoin started a rapid uptrend and is now rapidly regaining what it lost in about 5 months.

Bitcoin (BTC) reached $57,474 approximately 3.7% today, reaching the highest level since May 13. And this week it gained about 20%. It has also increased by about 35% since the beginning of October. Bitcoin is now only about 12% away from its all-time record $64,854. Bitcoin still maintains its upward trend, and when we consider its rise in 11 days, it signals that it will break the all-time record in a short time and go higher.

There have been many positive events on the Bitcoin side lately. There is also a significant demand for Bitcoin by institutional and individual investors. There is also a significant demand from traditional investors, so giant financial institutions serving traditional investors are entering the crypto market. Also, an application for Bitcoin futures exchange-traded funds (ETFs) is currently awaiting approval by the SEC. Many experts are confident that the Bitcoin ETF will be approved by the SEC later this year. These developments reflect positively on the markets.

Bitcoin market cap reached $1.08 trillion. The total market value of Bitcoin has achieved great success, surpassing many giant companies. Bitcoin has surpassed companies like Facebook (NASDAQ: FB) with a market cap of $925 billion and Tesla (NASDAQ: TSLA) with a market cap of $790 billion.

Bitcoin is currently receiving significant support from institutional and individual investors, and it causes the Bitcoin price to skyrocket due to the continued positive atmosphere in the crypto markets. It seems that Bitcoin, which has achieved great success by leaving many giant companies behind, will continue its rise in the coming days. If Bitcoin can continue its successful rise, I think it will be able to break the record of all time in the coming days. If it hits a new ATH this month, it could quickly move towards incredible prices towards the end of the year. I also think that this rise in Bitcoin and the positive mood in the crypto markets will trigger a faster bull run for altcoins in the coming days.

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