The cryptocurrency market has been on a tear since mid-October, growing from a market cap of just over $1 trillion to over $2.2 trillion at the end of February.

While the overall crypto market remains below its all-time high close to $3 trillion set in November 2021, one cryptocurrency is rapidly approaching its previous all-time high. The stalwart cryptocurrency (if that's a thing) Bitcoin (CRYPTO: BTC) is within reach of its peak price around $69,000 set on Nov. 10, 2021.

Here's why it might be a smart move to buy before it sets a new all-time high.

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Source Fool.com