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Bitcoin continues its leaps, hits new historical level

Bitcoin

Bitcoin has jumped to a new historical level, and rose above $67,000 for the first time in its history, in light of the great gains it is experiencing.

Bitcoin rose 5%, in trading on Tuesday, to reach $67,441, surpassing its historic high of $68,590, on Tuesday morning.

The recent gains for the cryptocurrency market in general have increased its total market capitalization to more than $3 trillion.

The digital asset market, which was just over a decade old, has nearly quadrupled in value since the end of 2020.

Investors are becoming more comfortable with the ability of well-established currencies such as Bitcoin and networks such as Ethereum and Solana to continue to develop and attract new uses.

“This breakout in Bitcoin might signal the start of a final push-up for the fourth quarter before the crypto market shows more pronounced consolidation into next year,” Fundstrat said in a technical-strategy report Monday.

“Strength in Bitcoin, Ethereum and many other altcoins looks likely in the weeks to come.”

Bitcoin’s gains come after the launch of the first Bitcoin-linked ETF to investors in the USA.

The ProShares Bitcoin Strategy ETF, which tracks Bitcoin futures, attracted more than $1.2 billion when it debuted.

While the other also witnessed gains, following the rise of the Bitcoin currency, the price of the Ethereum (ETH) currency rose by 1.30% to record about $4,815.15 dollars.

Cryptocurrencies market

The price of the Cardano coin (ADA) increased by 6.08%, to record about $2.18.

The price of the Binance coin (BNB) decreased by 0.07%, to record about $645.76.

The price of the TTH coin (USDT) rose by 0.02% to record about $1.00.

The price of Solana currency also rose by 0.28%, to record about $245.58.

The price of the Ripple currency (XRP) decreased by 1.57% to record about $1.27.

The price of Dogecoin (DOGE) rose by 4.48% to record $0.27847.

The price of Polkadot coin increased by 1.31%, to record $52.41.

The price of the USD currency rose by 0.03% to record about $1.00.

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