Bitcoins and its all-time high chart

Bitcoin Nears All-Time Highs

Bitcoin is trading around its all-time highs as we reach the final week of March. The drop from the all-time high of $74,000 reached 17% at one point, which, although still moderated by bull market correction norms, has alarmed many. When paired with the growth in mining difficulties, the traditional characteristics of a bullish trend become obvious. Beyond Bitcoin, several traditional macroeconomic factors might result in a more turbulent phase for risky assets.

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Bitcoins and its all-time high chart

March Sees Unprecedented Movement of Vintage BTC

In recent days, bitcoin has regularly hovered above the $60,000 barrier throughout March. With its value skyrocketing, many long-term holders have begun to move large amounts of dormant bitcoins from wallets that haven’t seen activity in years. March has emerged as a critical month for transactions utilizing historical bitcoins.

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