Dollars

Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-aims-for-new-all-time-highs-over-73000-dollars/" data-wpel-link="internal">Bitcoin Aims for New All-Time Highs Over 73,000 Dollars</a><br></p>
<p style="text-align: justify">Since the March summit, the Bitcoin price is targeting 73,000 dollars for the first time, with a new all-time high (ATH) in sight. For over two quarters, Bitcoin has been trapped in a narrow range, which has also led to significant losses for <a href="https://en.coin-turk.com/token-unlocking-scheduled-for-the-sandbox-and-apecoin/" data-wpel-link="internal">altcoins</a>. Despite Bitcoin’s price lingering just below record levels, there is not as much demand across altcoins as anticipated.</p> 
<h2 style="text-align: justify" id="bitcoin-races-toward-record-levels">Bitcoin Races Toward Record Levels</h2> 
<p style="text-align: justify">On the <a href="https://en.coin-turk.com/binance-faces-major-setback-as-london-based-credit-card-processor-terminates-contract/" data-wpel-link="internal">Binance</a> exchange, Bitcoin reached its all-time high price of 73,777 dollars, a level that has remained unbroken for months. With the excitement surrounding the halving and ETF, Bitcoin saw its record level for the first time before the block reward halving, establishing a relatively low ATH just above the previous cycle’s peak.</p> 
<h2 style="text-align: justify" id="reasons-for-continued-price-rise">Reasons for Continued Price Rise</h2> 
<p style="text-align: justify">There are numerous reasons for the ongoing rise. Experts suggest that closing above 67,000 dollars could lead to a final attempt at an upward surge, and their predictions have proven accurate. Factors such as FTX’s multi-billion-dollar cash refunds, ongoing interest rate cuts, weakening employment figures, the upcoming U.S. elections, and expectations that regulations will ease legal pressures provide substantial justifications for Bitcoin’s price reaching six-figure targets.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-401727" src="https://coin-turk.com/wp-content/uploads/2024/10/BTCUSDT_2024-10-29_21-31-22.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">If Bitcoin closes above 71,500 dollars, it would not be surprising to witness a new ATH in the coming hours.</p> 
<p>The post <a href="https://en.coin-turk.com/bitcoin-aims-for-new-all-time-highs-over-73000-dollars/" data-wpel-link="internal">Bitcoin Aims for New All-Time Highs Over 73,000 Dollars</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Aims for New All-Time Highs Over 73,000 Dollars

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