Bitcoin Price Surges Past $63,000: The Key Reasons
After a decline to $53,600 last Friday, the Bitcoin price experienced a major recovery over the weekend, exceeding the $63,000 threshold today. This marks a massive 17% increase since last Friday, reaching this level for the first time in two weeks. The rally can be attributed to several factors that collectively propelled the premier’s cryptocurrency’s price upward. #1 The “Trump Bitcoin Pump” The resurgence in the Bitcoin price coincided with the attempted assassination of former President and 2024 presidential hopeful Donald Trump. The incident significantly impacted his odds in....
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Following your charts? You probably ought to be. Something spectacular is happing with the price of bitcoin this fine Memorial Day weekend. Already, social media is plastered with excitement and "to the moon" references as the price has surged past $550 in the wee hours of the morning (at least here in the United States). At the time of this writing, we're observing a price of $570 at the Bitstamp exchange, with a peak of $586 earlier this morning. That brings the price up to approximately eight percent in the past twenty-four hours. But keep your eyes glued to the screen, because things....
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