Today, Bitcoin has surged to over $70,000, continuing its upward trend following the recent halving event in April 2024. The halving, which cut the block reward from 6.25 to 3.125 BTC, has historically been a catalyst for price increases due to reduced supply and increased scarcity.

Market sentiment remains highly bullish, with Bitcoin hitting a new all-time high of over $73,000 in March 2024. Analysts predict that Bitcoin could reach $90,000 by the end of the year, driven by increased institutional adoption and the approval of Bitcoin ETFs​.

The current trading environment is marked by optimism, as Bitcoin's price stabilizes above the $70,000 mark, reflecting a strong market performance and positive future outlook​.

$BTC

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