😱🚨Bitcoin is back above $71,000, predicted to surpass ATH🚨

On the morning of May 21th, Bitcoin reached $71,785 after a two-month price decline, with investors expecting it to surpass its all-time high (ATH).

According to CoinMarketCap, the price of Bitcoin (BTC) has risen to $71,785, currently fluctuating around $70,725. Within 24 hours, BTC has increased by 8% and over 13% in the last 7 days. This is the second time this year that BTC has exceeded the $71,000 mark; previously, in mid-March, it reached $73,737, the highest level ever.

Bitcoin's price increase has led to a general rally in the market. Tokens with the biggest gains include ETH, which also hit $3,678, up 19.43% in 24 hours. PEPE token recorded a 19.38% increase, FLOKI rose nearly 10%, SOL gained 7.07%.

BTC's price increase has attracted the attention of investors. On social media, many people expressed regret for not buying when BTC dropped below $60,000. Many experts predict that the price of BTC could rise to $75,000 this week, surpassing its ATH. Markus Thielen - founder of 10x Research - predicted that BTC could rise to $83,000 and possibly reach $102,000.

Bitcoin is the most valuable cryptocurrency on the market, created from Blockchain technology, opening up a new era of development for the crypto market. BTC currently has a supply of around 21 million tokens and will not be issued any further. IInitially, 1 BTC was priced at around $0.00076, and now it is worth approximately 93.5 million times more.

In data released on May 15 by the U.S. Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) for April increased by 0.3% compared to the previous month but was lower than expected. This is one of the reasons behind Bitcoin’s price resurgence.

This is one of the reasons why the price of Bitcoin has started to rise again. According to analysis by renowned cryptocurrency analyst Ted, Bitcoin’s price increase is attributed to U.S.-based Bitcoin ETFs attracting $950 million in net inflows, the largest since March.#ETHETFS #btc70k #altcoins #BinanceLaunchpool #BlackRock