#ThanksgivingBTCMoves
đ Bitcoin Hits New Highs! đ
The cryptocurrency market is currently on a strong rally, with Bitcoin hitting a new all-time high of $99,574.60 in November 2024. This performance is fueled by several factors:
Bitcoinâs recent halving, reducing miner rewards, limits the available supply, supporting prices upwards.
Recently approved Bitcoin Spot ETFs have attracted billions in institutional investment, boosting demand.
A Fed interest rate cut in September has rekindled investor interest in alternative assets like BTC.
These trends illustrate Bitcoinâs growing strength as it approaches the symbolic $100,000 mark. Despite short-term fluctuations, the long-term outlook remains positive for this digital asset considered âdigital gold.â
And you, what do you think of this dazzling evolution? đ
