The year 2024 has seen a stunning rally in the price of the world’s leading cryptocurrency, Bitcoin. In January, the price of Bitcoin peaked at $47,300. By November 13, the price had risen to $93,402.31, an increase of nearly 115%, bringing the long-awaited $100,000 level closer than ever. Some claim that this bullish trend was influenced by the recent Republican victory in the White House race, but Bitcoin’s journey this year has also been shaped by major events, such as the halving in April and other economic factors.

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