Ethereum

2024

CODE

Bitcoin

Diamond

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<p>After nearly 2.5 years of range-bound trading, Bitcoin has finally broken out to set a new all-time high price. The world's largest cryptocurrency surpassed its previous record of $69,000 set in November 2021, with Bitcoin climbing above $70,000 for the first time.</p>
<p>The latest price surge caps an incredible rally for Bitcoin in 2023. The cryptocurrency has skyrocketed over 70% since the start of the year, outpacing virtually every other major asset class. Analysts point to a confluence of factors driving the rally, including increasing institutional adoption, a supply shortage from miners, and renewed investor interest amid the banking crisis.</p>
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<h2 id="ethereum-also-breaks-out-to-new-highs">Ethereum Also Breaks Out to New Highs</h2>
<p>Bitcoin hasn't been the only cryptocurrency making headlines. Ethereum, the second largest digital asset, has also been on a tear in recent weeks. Ether topped $4,000 for the first time since the crypto boom of 2021, trading as high as $4,003 on major exchanges.</p>
<p>Like Bitcoin, Ethereum has staged an impressive recovery in 2024. The cryptocurrency has rallied more than 74% year-to-date, as investor flock back into the space. The launch of the Ethereum Shanghai upgrade next month, which will allow stakers to withdraw tokens, is also anticipated to be a catalyst for further price gains.</p>
<h2 id="crypto-market-booms-but-skeptics-remain">Crypto Market Booms, But Skeptics Remain</h2>
<p>The overall cryptocurrency market has swelled to over $1.5 trillion in value, as Bitcoin and Ethereum lead the broader surge across digital assets. However, the remarkable comeback in 2024 has done little to convince crypto skeptics, who remain highly critical of the sector following last year's meltdowns and scandals.</p>
<p>As always in the notoriously volatile crypto world, only time will tell if the current bull market is sustainable or another speculative bubble waiting to burst. But for now, cryptocurrency investors are certainly enjoying the latest run to new all-time highs.</p>
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<p><strong>Guest:</strong> Jacob, Trader &amp; Analyst</p>
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<p>This episode is sponsored by <strong><a href="https://bit.ly/LuxAlg0">LuxAlgo</a></strong> | <strong>#1 provider </strong>of trading indicators worldwide.</p>
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Bitcoin All-Time-High $70,000!

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