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Published 12 days ago

Bitcoin hits $50,000 level for first time since 2021

  • Bitcoin surpassed $49,000, its highest level in over two years, with potential for new highs and even reaching its all-time high of $65,000.
  • Positive sentiment returns to crypto as bitcoin had its best week since December, rising 10.76%. Outflows from the Grayscale Bitcoin ETF previously suppressed sentiment.
  • The recent surge in bitcoin's value can be attributed to growing expectations of central bank interest rate cuts and the upcoming bitcoin "halving" event in April.
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