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In a key week for the crypto market, a rally has seen 👊Bitcoin and other major cryptocurrencies rise, while regulatory developments and the launch of new projects continue to shape the landscape.
Market performance and price action.
🪙 Bitcoin #BTCReclaims120K is on a strong upward momentum, briefly crossing the $122,000 mark and nearing its all-time high of $123,091 set in July. Market analysts are pointing to a significant influx into crypto funds, expectations of a rate cut by the U.S. Federal Reserve, and a reduction in inflation as key drivers. Some analysts suggest that if the current bullish momentum continues, Bitcoin could potentially move towards $148,000.