Fun

Bitcoin hits record price today!

mahmudul01 - 2024-03-11 18:07:39



Assalamu Alaikum





How are you all? Today I will discuss with you about Today's Bitcoin record price .I will try to present my experience.  I am young and have very little experience so please excuse any mistakes.

![Screenshot_2024-03-11-23-31-02-31_ee1cec40dcf6eb3919ecbfc5d87e6719.jpg](https://cdn.steemitimages.com/DQmafioAAj8nZDpBsGNQ55TJrP7hkyrTCoz72JrExgyGQ3T/Screenshot_2024-03-11-23-31-02-31_ee1cec40dcf6eb3919ecbfc5d87e6719.jpg)

Bitcoin (BTC) surged towards the $73,000 mark, setting a new all-time high as bullish momentum gripped the market.
  The rise of cryptocurrencies has been fueled by a combination of factors, including the endorsement of influential figures such as former US President Donald Trump and increased institutional demand.
Trump's support boosts confidence
Former President Donald Trump fueled market sentiment with subtle support for Bitcoin and cryptocurrencies during a CNBC interview.  Although Trump himself denied owning Bitcoin, he expressed openness to allowing US citizens to conduct transactions with the cryptocurrency, referring to it as "an additional form of currency".

![pexels-photo-5980866 (1).jpeg](https://cdn.steemitimages.com/DQmSzFhR2RqHo3J2gXZX46m1Dw7EuBvXLxa4Qm2TPE6EnF5/pexels-photo-5980866%20(1).jpeg)
[Source](https://www.pexels.com/photo/a-gold-coin-on-a-smartphone-screen-5980866/)

  His comments added to bitcoin's growing acceptance in mainstream discourse, contributing to its bullish trajectory.

  Institutional needs and market optimism

  Institutional demand for bitcoin prices has also increased, particularly from US spot bitcoin exchange-traded funds (ETFs).  This institutional interest has injected a new level of confidence into the market, with analysts predicting further upside potential.
  Keith Allan, co-founder of Trading Resource Material Indicators, emphasized the importance of tapping into less-liquid conditions to accelerate gains, suggesting that Bitcoin could reach $75,000 in the near term.
Today's discussion ends here.  I hope you find it interesting and able to understand.  Share your thoughts on today's topic.  Wishes and blessings to all.  Everyone stay well stay healthy stay with Steemit.

pexels-photo-6770845 (1).jpeg


Source