The price spike came as spot bitcoin exchange-traded funds (ETFs) recorded over $3 billion in cumulative trading volumes on Tuesday, contributing to demand. Some traders also pointed to the bitcoin halving event, expected in April, as a new narrative that causes a pre-halving rally.
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- Source: https://www.coindesk.com/markets/2024/02/28/bitcoin-surges-above-59k-as-bull-rally-continues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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