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Getting Closer, Bitcoin Halving Only 38 Days Away

A number of cryptocurrencies strengthened on Tuesday, March 12, 2024. In Asian trading on Tuesday, March 12, 2024, bitcoin (BTC) traded just below record highs, following continued support from steady inflows into spot exchange-traded funds that approved earlier this year.

“Bitcoin prices traded up 5.7 percent at USD 72,401.30 at 14.00 WIB remaining close to the record high of USD 72,771 reached on Monday,” said crypto observer Ibrahim Assuaibi in a note quoted Tuesday, March 12, 2024.

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“Bitcoin's recent surge in value underscores the extraordinary strength and resilience of this leading cryptocurrency. This achievement not only marks a significant milestone but also reflects continued confidence and demand in the market,” said Ibrahim, who is also Director of PT Forexindo Futures Profits.

Bitcoin prices touched new record highs as an extension of the rally sparked by the approval of spot ETFs in January 2024, which invited large amounts of institutional capital into the token.

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Getting Closer, Bitcoin Halving Only 38 Days Away

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