Bitcoin just climbed past $53,000, hitting a peak we haven’t seen in more than two years. It was a remarkable display of resilience and investor confidence. This surge comes amidst a backdrop of growing optimism in the market, bolstered by significant ETFs and Bitcoin halving developments. However, here’s a closer look at the other crucial factors driving this unprecedented rally:
Government Shutdown Worries Meet Crypto Optimism
As the deadlines for a potential government shutdown loom, with a partial shutdown possible by March 1 and a full shutdown by March 8, the market is closely watching the developments. President Biden’s announcement of a meeting with Congressional leaders on February 27 to discuss the situation and its implications for Ukraine adds a layer of geopolitical significance to the discussions, influencing investor sentiment and market dynamics.
Big Money Flowing into Crypto
As per Coinshares, the market witnessed record inflows last week, totaling an astonishing
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