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Bitcoin storms above $100K, sees value more than double in 2024

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Bitcoin soared above $100,000 for the first time on Thursday, marking a widely anticipated milestone that is hailed even by skeptics amid coming-of-age
The article from Daily Sabah discusses Bitcoin's remarkable surge in value, surpassing $100,000 and more than doubling in 2024. This significant increase is attributed to several factors including the approval of Bitcoin-related financial products like ETFs in the U.S., which has brought in substantial institutional investment. Additionally, the anticipation of the Bitcoin halving event, which historically reduces the supply of new Bitcoins entering the market, has fueled the bullish trend. The article also mentions the growing acceptance of Bitcoin as a legitimate asset class by both retail and institutional investors, further driving its value. However, it notes the volatile nature of cryptocurrencies, with warnings from financial experts about potential market corrections.

Read the Full Daily Sabah Article at:
[ https://www.dailysabah.com/business/tech/bitcoin-storms-above-100k-sees-value-more-than-double-in-2024 ]