Bitcoin (BTC-USD) soars above $72,000, marking a significant surge as the halving event approaches. With a 157% rise over the past year and nearly 63% this year alone, Bitcoin's market capitalization hits $1.42 trillion, drawing attention to the cryptocurrency market.
As anticipation builds around the halving event, where token issuance decreases by half every four years, investors are optimistic about potential price gains. This positive sentiment extends to other digital tokens, with Ether (ETH-USD), Cardano (ADA-USD), and Solana (SOL-USD) recording notable gains.
Even meme coins like Dogecoin (DOGE-USD) and Shiba Inu (SHIB-USD) see upward movements, indicating widespread market enthusiasm. Additionally, the spike in Bitcoin's price impacts crypto-related stocks, with companies like Coinbase Global (COIN), Riot Blockchain (RIOT), and MicroStrategy Incorporated (MSTR) witnessing notable increases in their stock prices.
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