As Bitcoin Reaches $65K, It Gets Nearer to Its All-Time High
The spike coincides with growing inflows into bitcoin ETFs and the planned halving event.
On Monday morning in Europe, Bitcoin (BTC) surpassed the $65,000 threshold, bringing it one step closer to its all-time high of $69,000, which was reached in November 2021.
Over 6% more was added to BTC in the last day. During that time, the broad-based liquid index of different tokens, known as the CD20, had a 5.6% increase.
According to certain traders , the commodity is expected to surpass its all-time highs of $69,000 in March due to euphoric emotion, institutional buying demand, and historical gains connected to bitcoin's halving event.