Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Coinpedia Fintech News on March 25, 2023, 11:27:37 AM
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Bitcoin (BTC) has maintained its upward trend, trading at around $28,000 on Friday. With the traditional banking system undergoing upheaval, Bitcoin's recent surge in buying pressure has attracted a significant inflow of cash, giving the asset an upward momentum and increasing its rank among investment products. The current upward movement, which saw Bitcoin surpass $28,000 this week for the first time in nine months, is believed to be backed by strong conviction from investors.
However, at the time of writing, Bitcoin has dipped more than two percent in the last 24 hours, currently trading at the $27,698 level. Despite the short-term drop, the overall trend remains bullish, and analysts are optimistic about Bitcoin's future performance as institutional adoption and mainstream acceptance continue to grow.
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it should go up for now unless some bad news comes and destroy the market.