Posted 2/28/2024, 8:32:24 PM
Bitcoin Nears All-Time High Above $63K, Then Retreats, As Crypto Comeback Continues
- Bitcoin momentarily reached over $63K, continuing its rally this week before retreating; drop came after some Coinbase users saw $0 balances due to traffic surge
- Bitcoin is getting closer to its all-time high of around $69K from Nov 2021, up 40% YTD and triple from early last year
- Comes after 60% plunge in 2022 amid crypto scandals and viability questions; fierce rebound happening now
- Bitcoin bulls point to drivers like spot Bitcoin ETFs, upcoming supply halving, potential for Ethereum spot ETFs
- Growing "number go up" mindset - people buying because price rising, so they want to participate