During the latter part of 2023, Bitcoin maintained its upward momentum, steadily climbing until an ETF verdict altered its course dramatically. The price tumbled from $49,000 to $38,500. Yet, Bitcoin swiftly regained its footing, orchestrating a remarkable rally unseen in quite some time. Just recently, BTC soared past $64,270 before undergoing a minor correction.
The recent remarkable surge in Bitcoin's value captivated the entire market, with the peak reaching an impressive $64,270 before quickly retreating to $59,500. Subsequently, in the ensuing days, the price fluctuated within the range of $61,000 to $62,500, with a noticeable shift in funds towards alternative cryptocurrencies.
During the night of March 4th, Bitcoin once again breached the $64,000 mark before retracting once more. As of the latest update, BTC's value has surpassed this threshold again, hitting a fresh yearly pinnacle of $64,300.
Conversely, in the BTC-TRY pair, the price soared beyond 2,000,000 Turkish Lira. This surge has sparked speculation about whether the price will ascend further to $69,000 or even $100,000.
With Bitcoin's price reclaiming the $64,000 mark, its market capitalization surged by 3.9%, exceeding $1.25 billion. Moreover, the trading volume witnessed a substantial 62% uptick, settling back over $35 billion.
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