BTC Surpasses $66,000, Reaching New Highs

BTC Surpasses $66,000, Reaching New Highs

**BTC Surpasses $66,000** Bitcoin (BTC) has surpassed the $66,000 mark, according to Coinnis Market Monitoring. On the Binance USDT market, BTC is currently trading at $66,055.12. This new high comes after a period of consolidation for BTC. The cryptocurrency has been trading in a range between $60,000 and $64,000 for the past few weeks. However, it has recently broken out of this range and is now trading at its highest level since April 2021. There are a number of factors that may have contributed to this breakout. One factor is the increasing institutional adoption of BTC. Major companies such as Tesla and MicroStrategy have recently announced that they have purchased BTC. This has helped to legitimize BTC in the eyes of many investors. Another factor that may have contributed to the breakout is the upcoming launch of the Taproot upgrade to the Bitcoin network. Taproot is a major upgrade that will improve the privacy and scalability of BTC. This has led some investors to believe that BTC is undervalued at its current price. Whatever the reasons for the breakout, it is clear that BTC is back in a bull market. The cryptocurrency is now trading at its highest level in over a year. This is a sign that investors are bullish on the future of BTC. **Previously on [date],** BTC broke out of a trading range and surged to a new high of $66,000.