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What Will Push Bitcoin Even Higher?

A new all-time high was short-lived; what will push BTC higher?

Jack Inabinet
Mar 5, 2024 • 2 min read

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📊 All-time high moment. As if lifted towards the heavens by inflows to spot BTC ETFs themselves, Bitcoin’s price ascended upwards by 2% on the US open to hit all-time highs on many exchanges, including Coinbase, where price reached $69,324 per coin!

While celebratory tweets cataloged the moment across Crypto Twitter, elation was short-lived, with BTC unable to hold above all-time highs for even a minute before plunging nearly 10% over the next few hours. What catalysts can push BTC back above all-time highs?

For Bitcoin, its price, just like that of any asset, is a reflection of underlying supply and demand dynamics.

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.