We started the week and marked a new all-time high again by lupafilotaxia

cryptocurrency · @lupafilotaxia · 2024-03-12T01:04:30+00:00

$1.52

We started the week and marked a new all-time high again

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<center><img src="https://i.postimg.cc/jjDk86vg/8409dd50-1796-4cd6-a174-f7e280aaab7711324.jpg"/></center>
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<div class="text-justify">The $70,000 mark has already been surpassed, considering that the Bitcoin price action touched levels above $72,000, registering a new all-time high at $72,710.68 according to data reported on the https://www.coingecko.com/en/coins/bitcoin address of the Coingecko portal. </div>
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<div class="text-justify">One thing to note is that the price action driven by Bitcoin ETFs exceeds $30,000 in just over six weeks, which in my view beyond institutional investor purchases via ETFs is extremely positive for the price health of the entire cryptocurrency market. </div>
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<div class="text-justify">In a context systematized by columnist William Suberg of the Cointelegraph portal, "As the battle for price discovery rages, bitcoin is caught in a familiar state of flux: selling pressure at key psychological price levels combined with relentless supply from spot exchange-traded funds (ETFs)" </div>
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<div class="text-justify">Suberg also believes that, "Few were prepared for the magnitude of influence that ETF purchases now exert. Even lifelong bulls are re-evaluating where they think the BTC/USD pair could go in the next few years; the USD 1 million price is increasingly seen as conservative over the long term." </div>
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<div class="text-justify">In closing a highly favorable element is that the Bitcoin ETF has "Become the most successful ETF launch in history, the nine participants have presided over a BTC price transformation that many think will continue"</div>
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<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> BTC price blasts through $70K — 5 things to know in Bitcoin this week. <a href="https://cointelegraph.com/news/btc-price-blasts-through-70k-5-things-bitcoin-this-week" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<center><img src="https://i.postimg.cc/rF5YhtDV/Banner-Fuente-consultada-I.png"/></center>
<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://cointelegraph.com/news/btc-price-blasts-through-70k-5-things-bitcoin-this-week" rel="noopener" title="This link will take you away from steemit.com"> Cointelegraph </a></div>
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<center><img src="https://i.postimg.cc/0Q6V76gq/Banner-Fuente-consultada-II.png"/></center>
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<center><img src="https://i.postimg.cc/t4gH0T3K/Banner-Scientific-Content-Blogger.png"/></center>
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👍 unbiasedwriter, karamyog, project.hope, steemitcentral, ph-support, cyrusemerson, creativeblue, theonlyway, minerthreat, akdx, luizeba, cyemela, manniman, help.venezuela, doifeellucky, cryptodive, ga38jem, blessed-girl, syedumair, eric818, uyobong, mariusfebruary, phgnomo, reverseacid, erica005, defi.campus, acont, cranium, legoman, valchiz, fortunex, carrieallen, jagged, tysler, yurilaya, adesojisouljay, kathe-art, qsyal, sifondeseltz, cubapl, liaminit1, lifecruiser, alexcocopro, soniabalzan, shortsegments, kgsupport, felixgarciap, devcoin, truthtrader, culgin, gbenga, crypto.piotr, khalstem, mintymile, sholly1, lobaobh, paragism, slider2990, foxicoreviews, stemcur, ph-fund, ai-channel, siggiboy81, roadofrich, and 10 others

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