Grayscale: Bitcoin may hit new all-time highs later this year
Gray released the February market report, which pointed out that Bitcoin's price rose by about 45% in February, breaking through $60,000 for the first time since the fourth quarter of 2021. This phenomenon reflects the large influx of funds into US ETFs and expectations for Bitcoin halving in April.
In addition, from the previous crypto cycle, it can be seen that macro factors such as the Federal Reserve's monetary policy and economic conditions may seriously affect the valuation of crypto assets. If the macro market outlook remains optimistic, it may lead to further price increases of cryptocurrencies this year. Currently, Bitcoin's price is only 9% lower than its historical high, so it may set a new historical high later this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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