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Bitcoin is approaching a new all-time high
Analysts of the cryptocurrency market note that the price of Bitcoin BTC $105,312.87 Bitcoin 0.75% Market capitalization $2.09 trillion VOL. 24 hours $3.35 billion is showing rapid growth and is approaching a new all-time high of $ 110,000. The growth follows a steady rise in the cryptocurrency market, supported by the overall positive dynamics and a decrease in global economic uncertainty.
At the time of writing, Bitcoin is trading at $ 105,130, which is 3.25 higher than yesterday. Industry experts attribute this to optimistic market sentiment and the expectation of regulatory clarity in the United States, particularly in the area of digital assets.
Experts note that the main support for Bitcoin was the area around $ 106,000, which has repeatedly confirmed its strength. If the level of $ 110,000 is broken through, traders predict further growth, which could reach $ 120,000.
«Global attention to cryptocurrencies and growing institutional support are contributing to the rise in Bitcoin prices,» said financial consultant Michael Lynch.
However, despite the positive dynamics, analysts recommend caution, as short-term corrections are possible due to profit-taking by traders.