Crypto Market Update: Elon Musk Laser Eyes Fuels Bitcoin Speculation

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Despite the recent ups and downs, an impressive 93% of all Bitcoin addresses were profitable at press time, with only 2% in the negatives.

This strong performance is supported by a consistent period of Bitcoin accumulation by miners and smallholders, who remain confident in Bitcoin’s future value.

Over the past month, Bitcoin (BTC) has experienced a 5.02% growth and currently trades at around $67,660. This follows a substantial 57.21% increase in daily trading volume, signaling bullish trends for the rest of 2024. This has restored confidence among BTC holders, particularly short-term investors.

With a market cap of $1.33 trillion, Bitcoin shows a 54.5% dominance over the crypto market.

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