Bitcoin Blasts Past $57,000 Threshold

IconCryptoNewsTerminal Staff06 Jul, 2024

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Bitcoin Blasts Past $57,000 Threshold

Bitcoin (BTC) has surged above the $57,000 mark, according to data from Cryptonewsterminal's market monitoring service. At the time of writing, BTC is trading at $57,204.25 on Binance's USDT market. This latest surge in Bitcoin's price comes after a period of relative stability, during which the cryptocurrency traded in a narrow range between $53,000 and $55,000. However, in the past few days, BTC has broken out of this range and is now trading at its highest level since May. The surge in Bitcoin's price is likely due to a number of factors, including the increasing adoption of the cryptocurrency by institutional investors and the growing demand for it among retail investors.

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