Bitcoin Breaks Records
1. **Renewed Confidence**:
- Breaking the historical peak indicates a shift in market sentiment from skepticism to optimism, especially after the long "crypto winter."
- New liquidity injection from institutional investors through approved Bitcoin funds (like ETFs).
2. **Network Effect**:
- **Rise Leads to More Rises**: Breaking the ATH is often followed by new upward waves driven by speculative momentum and the entry of new investors.
- **Altcoins Benefit**: Alternative currencies (like ETH, SOL) typically experience sharp increases after Bitcoin leads the scene.
3. **Economic Signal**:
- Bitcoin is interpreted as a "safe haven" against inflation or instability of traditional currencies in some economies.
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#### **Possible Reasons for the Current Surge**:
✅ **Rising Institutional Demand**:
- Trading of Bitcoin ETFs (especially in the United States) has achieved record inflows of [example: +$500 million daily].
✅ **Upcoming Halving [April 2024]**:
- An event that reduces the new Bitcoin supply by 50%, historically increasing its scarcity.
✅ **Weak Dollar and Declining Interest Rates**:
- Shifts in global monetary policies enhance risk assets like crypto.
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