Crypto Market Update (27th Feb 2024)

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Crypto Market Update Summary

After a staggering surge, Bitcoin passed the $57,000 mark for the first time since 2021, now only roughly 20% away from its all-time high. This jump of $6,500 within 12 hours showcases a momentum reminiscent of the most vigorous bull market periods. Concurrently, the Open Interest hit a new record high over $24 billion, surpassing the highs at Bitcoin’s $64,000 price point, and Spot ETFs have reported record volumes—a sign of strengthened investor interest and potential for continuous growth.

Key Points

Below I have summarised the most important updates and an outlook for the market.

Uh, Oh… 😧 The rest is for registered members!

This update was automatically generated by InvestmentExplorer GPT.

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