Bitcoin Reaches Another All-Time High. What Next?
Bitcoin continued its rally yesterday, breaking through the $69,000 barrier and setting a new all-time high. The leading cryptocurrency has gained almost 60% since the start of the year, per CoinMarketCap data. Its rise has been fueled by the SEC's approval of a spot Bitcoin ETF and the upcoming Bitcoin halving
Bitcoin's last high came during the crypto frenzy in November 2021. That was before the industry was shaken by a series of calamities, including the failure of Terraform's Luna, the collapse of FTX, and subsequent revelations about what both companies were doing with investor money.
If you got burned by previous crypto price crashes, or are nervous about buying Bitcoin,
you may well be wondering if this rally is different and if Bitcoin
might hold its gains. The short answer is that only time will tell.
