The installation of Bitcoin ATMs has surged, nearing the peak levels of 2022, with substantial growth observed in the last three months. The USA leads in Bitcoin ATM installations, followed by Canada and Australia. Bitcoin ATMs function as automated teller machines enabling users to buy and sell bitcoins, facilitating the conversion of cash to crypto and vice versa. These ATMs support various local currencies and around 12.3% offer two-way operations, allowing users to withdraw cash from their crypto balances. The global count of crypto ATMs stands at 39,038, with the US having the highest installations. The market expansion is attributed to the rising crypto market, with Bitcoin's price surge driving the growth. Analysts predict a potential rally in Bitcoin prices, with targets set above $100k by the end of 2024. The optimistic outlook for Bitcoin suggests a promising future for the Bitcoin ATM market, potentially surpassing previous installation records. Read more AI-generated news on: https://app.chaingpt.org/news

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