Bitcoin Price Hits $68,000, New All-Time High Looms πŸš€

Irma - Mar 5 - - Dev Community

πŸ“‰ Analysts speculate that while Bitcoin's short-term trajectory may continue upward, growth could moderate soon due to approaching extreme levels of unrealized profit margins. According to CryptoQuant, Bitcoin’s realized price is currently around $42,700.

πŸ“ˆ Despite short-term projections, long-term investors remain optimistic. They anticipate rising demand, driven by new US ETFs, and a supply decrease post-April’s halving event to propel Bitcoin to new heights.

πŸš€ The cryptocurrency market receives a boost from the stock market, notably the tech-centric Nasdaq Composite, which hit an all-time high on Friday, the last major index to achieve a record close this year.

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