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Day: March 26, 2024

Bitcoin Surges Past $70K Amid Crypto Market Recovery; Analysts Eye All-Time Highs

Bitcoin Surges Past $70K Amid Crypto Market Recovery; Analysts Eye All-Time Highs

There has been a significant rebound in the cryptocurrency market, with Bitcoin surpassing $70,000 for the first time in 10 days, experiencing a gain of over 6% in the past 24 hours.  Ethereum and Dogecoin (two of the 10 top altcoins) also saw upward movement. Analysts suggest that if the rally continues, Bitcoin could retest all-time highs. The global cryptocurrency market cap increased by 5.81% to $2.64 trillion.  #Bitcoin continuing the pace. Dips are there to be bought.#Bitcoin down 15-40% -> allocate funds.#Altcoins down 25-50% -> allocate funds. If $68K continues to hold, we'll sweep the highs at the all-time high pre-halving. Still expecting a peak to be happening. pic.twitter.com/Ubw1Q3HHXC — Michaël van de Poppe (@CryptoMichNL) March 25, 2024 Cryptocurrency analyst Michael Van de Poppe advises taking advantage of market dips and recommends allocating funds accordingly.  There’s discussion around the potential for Bitcoin to reach $100,000 in 2024, with attention drawn to factors such as ETF netflows and on-chain data indicating possible price movements. Source: BENZINGA