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Explaining Bitcoin's Rally: What Catapulted It Beyond $50,000


It's hard to believe, but after a remarkable surge to start 2024, Bitcoin (CRYPTO: BTC) is within striking distance of a new all-time high. Bitcoin climbed almost 25% in just a few days to reach a 52-week high of nearly $53,000 on Thursday.

While several factors are behind the recent jump, two in particular stand out. Here's why Bitcoin passing the $50,000 mark is just a sign of what's to come.

Image source: Getty Images.

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Source Fool.com

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