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#BTC/USDT: Nears $69,000 Peak as Altcoins Record Impressive Gains According to CryptoPotato, Bitcoin (BTC) has come close to its previous peak of approximately $69,000, with its price gradually climbing over the last several months. The real bull run appears to have started last month, with BTC's rally in February marking the longest monthly green candle in its 15-year history. In early March, the primary cryptocurrency consolidated at around $61,000-$62,000 for a few days before taking off again on March 4, reaching as high as $68,700 before slightly retracing to its current level of $67,700. Altcoins have also recorded impressive gains, adding to the overall bullishness in the sector. Ethereum (#ETH✅ ) reached a two-year high of over $3,700, while popular meme coins Dogecoin (#DOGE🔥🔥 ) and Shiba Inu (#SHIBA✅🚀 ) are up 18% and 80% on a daily scale, respectively. The massive green wave in the industry has resulted in millions of dollars of liquidations. According to CoinGlass, the amount for the past 24 hours equals $450 million, with 60% of the sum being short positions. BTC trades comprised over $130 million of the total figure, while ETH followed second with $60 million. DOGE and SHIB have also collectively accounted for around $60 million in short positions. Bitcoin's surge to its historic peak comes more than a month before the halving, which will reduce the rate at which new BTC are mined. As a result, miners will start receiving 3.125 BTC (instead of 6.25 #BTCPrize ) for validating new blocks on the blockchain. Historically, the halving has been followed by a bull run for the leading digital asset and a market boom, meaning the rally might be far from over.

#BTC/USDT: Nears $69,000 Peak as Altcoins Record Impressive Gains

According to CryptoPotato, Bitcoin (BTC) has come close to its previous peak of approximately $69,000, with its price gradually climbing over the last several months. The real bull run appears to have started last month, with BTC's rally in February marking the longest monthly green candle in its 15-year history. In early March, the primary cryptocurrency consolidated at around $61,000-$62,000 for a few days before taking off again on March 4, reaching as high as $68,700 before slightly retracing to its current level of $67,700.

Altcoins have also recorded impressive gains, adding to the overall bullishness in the sector. Ethereum (#ETH✅ ) reached a two-year high of over $3,700, while popular meme coins Dogecoin (#DOGE🔥🔥 ) and Shiba Inu (#SHIBA✅🚀 ) are up 18% and 80% on a daily scale, respectively. The massive green wave in the industry has resulted in millions of dollars of liquidations. According to CoinGlass, the amount for the past 24 hours equals $450 million, with 60% of the sum being short positions. BTC trades comprised over $130 million of the total figure, while ETH followed second with $60 million. DOGE and SHIB have also collectively accounted for around $60 million in short positions.

Bitcoin's surge to its historic peak comes more than a month before the halving, which will reduce the rate at which new BTC are mined. As a result, miners will start receiving 3.125 BTC (instead of 6.25 #BTCPrize ) for validating new blocks on the blockchain. Historically, the halving has been followed by a bull run for the leading digital asset and a market boom, meaning the rally might be far from over.

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You can buy $BTC today and lose all your money in the next few months/years You can buy $BNB today and lose all your money in the next few months/years This is cryptocurrency We have no control over the market, the market can be manipulated but it can never be fully controlled Crypto is volatile, buying the top coins will not save you from losing your money in the nearest future We can wake up one morning and discover that Satoshi has activated his/her wallet and sold all the bitcoins in them and then we see more individuals like Elon Musk and Michael Saylor sell off their bitcoins and what about coinbase ? Coinbase holds almost 1 million BTC in total, what if they suffer an exploit and they have to sell off their bitcoins to settle customers ? What do you think would be the fate of Cryptocurrency if such ever happens at the same period ? All we are trying to say is Crypto is volatile, buying the top coins will not save you from losing your money in the nearest future Satoshi Nakamoto is the largest holder of Bitcoin, purported to be in possession of 1.1 million Bitcoin worth approximately $50 billion at today’s prices. Coinbase holds almost 1 million BTC in total. Binance, Grayscale and Bitfinex also hold large amounts, custodying over 600,000. 450,000 and 200,000 BTC respectively. Do well with this information If you find this information educative,entertaining, informative and helpful, please do well to support us by giving this post a Like 👍, Share and most importantly a Follow Let’s work together and get this post to over a thousand likes, we believe this post will get to over 5000 views and giving this post a like will only take you 1 second #xmucan
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