Cryptocurrency

Bitcoin

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 <p class="paragraph">On October 23, 2023, Bitcoin (BTC) made another headlining move. With its value currently pegged at $30,582, Bitcoin has experienced a commendable uptrend.</p>
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 <p class="paragraph">Within a 24-hour window, it has leapt forward by 2.12%, and if we stretch that timeline to encompass the past week, we see a robust 8.61% ascent.&nbsp;</p>
 <p class="paragraph">These numbers are not just impressive on their own, but they also hint at Bitcoin’s trajectory toward a momentous <a rel="noopener noreferrer nofollow" title="72-week" href="https://thebittimes.com/tag/72-week.html">72-week</a> high. For those looking for a historical touchstone, you’d have to dial back to early March 2022 to find Bitcoin showcasing similar stellar performance.</p>
 <figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1000" height="555" src="https://cdn.thebittimes.com/images/2023/10/23/e190a3ae70688e85b5ed748c9ccc83c9.webp" alt class="wp-image-133748" srcset="https://cdn.thebittimes.com/images/2023/10/23/e190a3ae70688e85b5ed748c9ccc83c9.webp 1000w, https://cdn.thebittimes.com/images/2023/10/23/e190a3ae70688e85b5ed748c9ccc83c9.webp 300w, https://cdn.thebittimes.com/images/2023/10/23/e190a3ae70688e85b5ed748c9ccc83c9.webp 768w" sizes="(max-width: 1000px) 100vw, 1000px">
  <figcaption class="wp-element-caption"><em>Bitcoin chart 72-week spike. Source: BTC_Archive</em>
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 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">Delving deeper into Bitcoin’s performance canvas, the digital currency’s tenacity and vigor are nothing short of impressive. Its trajectory over the last year paints a picture of resilience, with a staggering 60% surge.&nbsp;</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/10/23/2c09902e20eff5f5409d188108f66766.webp" alt class="wp-image-133751" srcset="https://cdn.thebittimes.com/images/2023/10/23/2c09902e20eff5f5409d188108f66766.webp 1024w, https://cdn.thebittimes.com/images/2023/10/23/2c09902e20eff5f5409d188108f66766.webp 300w, https://cdn.thebittimes.com/images/2023/10/23/2c09902e20eff5f5409d188108f66766.webp 768w, https://cdn.thebittimes.com/images/2023/10/23/2c09902e20eff5f5409d188108f66766.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   BTC 1-year price chart. Source: Finbold
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 <p class="paragraph">When one situates Bitcoin amidst the expansive and often volatile cryptocurrency milieu, its dominance becomes even clearer. Out of the top 100 crypto assets, Bitcoin’s annual yield has eclipsed a whopping 90% of them.</p>
 <p class="paragraph">Meanwhile, Ethereum, frequently hailed as Bitcoin’s closest rival and the next prodigy in the crypto realm, has lagged, unable to surpass Bitcoin’s year-to-date accomplishments.</p>
 <p class="paragraph">From a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> standpoint, Bitcoin’s current standing is equally, if not more, illuminating. It confidently towers above its 200-day simple moving average. For those versed in market analytics, this is a bullish sign, indicative of potential upward movements.</p>
 <p class="paragraph">The general market sentiment, too, mirrors this optimism. A snapshot of the last month reveals that half the days—15 out of 30—witnessed a closing in the positive, a testament to the prevailing buoyancy.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-rockets-toward-72-week-high-tbt67444.html">https://thebittimes.com/bitcoin-rockets-toward-72-week-high-tbt67444.html</a></p>

Bitcoin rockets toward 72-week high

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TheBitTimes

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