Bitcoin Soars Past $1 Trillion as Crypto Surge Continues Ahead of Halving Event
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Bitcoin price has surged over 100% in the past year, with wider crypto market rallying as well. Bitcoin now over $1 trillion market cap.
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Analyst Markus Thielen raises bitcoin target to $57,000, citing ongoing spot bitcoin ETF inflows and upcoming bitcoin halving expected to drive prices higher.
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JPMorgan and Wall Street taking more positive stance on bitcoin and crypto thanks to institutional interest.
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Bitcoin bulls also see potential Fed interest rate cut as catalyst for further crypto price rally.
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Influential crypto figures predict "face-ripping rally incoming" ahead of bitcoin halving, with potential for bitcoin to reach $1 million eventually.