Bitcoin price unexpectedly rises

Bitcoin World reported: Recently, Bitcoin has experienced an unexpected price surge, sparking new hopes among analysts and investors. Yesterday, a small-scale Bitcoin withdrawal occurred, with approximately $630 million worth of BTC being withdrawn from exchange wallets. This indicates that interest in the cryptocurrency market may be recovering. Since the end of 2020, the demand for Bitcoin has never been higher, with many addresses holding Bitcoin and refusing to sell. However, the supply held by miners is decreasing, which could be positive for BTC. With a shift in investor sentiment and an increase in holding addresses, the price of Bitcoin may continue to rise.

BTC-1.77%
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