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Bitcoin breaks through $66,000 to reach a new high; Halving is imminent and the market remains bullish.
[Chain News] On March 19, Bitcoin broke through $66,000, setting a new high since November 2022. Since 2024, Bitcoin has risen more than 50%.
The market expects that the Federal Reserve may announce on March 20 to maintain the current interest rates. At the same time, Bitcoin's mainnet will complete its "halving" in the early hours of March 20, which may further drive the price rise.
Driven by Bitcoin, other major cryptocurrencies such as Ethereum and BNB have also seen varying degrees of rise.
The cryptocurrency market is showing an overall pump trend, with a total market capitalization exceeding $2.5 trillion. Institutional investors' interest in cryptocurrencies continues to rise, and the approval of several Bitcoin ETF products has also brought a positive impact to the market.
Analysts believe that Bitcoin is expected to break through the $100,000 mark within the year. However, there are also opinions pointing out that the market may have overheated, posing a risk of correction, and investors should remain vigilant.