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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-pushes-toward-71000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Pushes Toward $71,000</a><br></p>
<p style="text-align: justify">The price of Bitcoin (BTC) is nearing $71,000, with several prominent altcoins also showing upward trends. This positive movement has turned most altcoins green, sparking excitement among altcoin <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. If the current momentum persists, many cryptocurrencies could achieve new all-time highs.</p>
<h2 id="what-influences-bnb-coin-s-recent-performance">What Influences BNB Coin’s Recent Performance?</h2>
<p style="text-align: justify">The BTC price increase is partly attributed to lower-than-expected JOLTS data, indicating reduced labor demand in the US. This aligns with the Federal Reserve’s goal in a high inflation environment. The effects of monetary tightening are becoming evident as economic growth remains steady, leading to more investment in riskier markets.</p>
<p style="text-align: justify">Upcoming unemployment and wage growth data, due to be released before the next Fed meeting, are anticipated to further support risk markets. Meanwhile, BNB Coin has hit $674 for the first time since November 2021, demonstrating a significant upward trajectory.</p>
<h2 id="will-bnb-coin-continue-to-climb">Will BNB Coin Continue to Climb?</h2>
<p style="text-align: justify">At the time of writing, BNB Coin is priced at $667. The $635 resistance level, which has been a hurdle for the past three months, has now been surpassed. Should the bullish trend persist, BNB Coin could exceed $691.8. Previously, BNB had seen a downtrend to $182 after peaking in mid-2021.</p>
<p style="text-align: justify">Despite numerous regulatory challenges, including investigations by the SEC, CFTC, and the US Department of Justice, <a href="https://en.bitcoinhaber.net/binance-expands-futures-trading-with-new-altcoin-contracts" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> has resolved most issues by paying substantial fines. Binance’s CEO, CZ, is currently serving a four-month prison sentence, after which he aims to start anew.</p>
<h2 id="key-investment-insights">Key Investment Insights</h2>
<ul>
 <li>The $674 resistance level is crucial; surpassing it could lead to new highs between $700 and $900.</li>
 <li>Investor sentiment and profit-taking behaviors will significantly impact the market’s <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> movements.</li>
 <li>Bitcoin’s performance around $70,666 is a key indicator for BNB Coin’s stability and potential dips below $635.</li>
</ul>
<p style="text-align: justify">Should the BNB Coin maintain its bullish momentum and surpass the $674 resistance, it could aim for a new all-time high. However, sudden market changes and profit-taking could lead to rapid price adjustments.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-pushes-toward-71000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Pushes Toward $71,000</a></h5>

Bitcoin Price Pushes Toward $71,000

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