- Bitcoin nears an all-time high, trading at $67,980 with a 20.6% weekly surge.
- BTC’s market cap exceeds $1.3 trillion, surpassing Meta Platforms and silver.
- Spot ETFs and global trading volume booms signal strong Bitcoin market confidence.
The crypto market is experiencing a noticeable increase as Bitcoin (BTC) is inching closer to surpassing its highest peak. The cryptocurrency posted a steep rally that saw it hit $68,800 before pulling back to $67,373, representing a 24-hour rise of 5.6% and a huge 19.6% over the week, as per CoinStats data.
BTC/USD 7-day Price Chart (source: CoinStats)
This rise brought Bitcoin close to its all-time high figure of $69,045, which was recorded in November 2021, therefore triggering talks on market dynamics and the trajectory the cryptocurrency may follow in the future.
Market Dynamics and Capital Inflow
The past few weeks have been significant for Bitcoin, which has reported an increase in investment, particularly in Bitcoin funds listed in the U.S.
Valued at more than $1.3 trillion now, the market capitalization of Bitcoin boosts its level to the eighth most valuable asset and is even higher than that of Meta Pl…
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