Additionally, major financial institutions like BlackRock launched new Bitcoin ETFs. These ETFs provided investors with an easier way to gain exposure to Bitcoin, further driving up its price.
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NicolaFri Dec 13 2024
Another key factor was the Bitcoin halving, which occurred on April 20, 2024. This event reduced the number of new Bitcoins entering the market, making existing Bitcoins more scarce and valuable.
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CryptoEmpireGuardFri Dec 13 2024
By 2024, Bitcoin had reached an unprecedented high price of $103,353. This remarkable surge in value was driven by a multitude of factors.
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DigitalTreasureHunterFri Dec 13 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of Bitcoin investors. Its platform includes spot trading, futures trading, and a secure wallet for storing Bitcoin. With these services, BTCC provides a convenient and secure way for investors to participate in the Bitcoin market.
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TommasoFri Dec 13 2024
One significant contributor to Bitcoin's rise was the US presidential election. The outcome of the election likely influenced investor sentiment and market conditions, leading to increased demand for Bitcoin.