Bitcoin's Meteoric Rise What You Need To Know! #bitcoin #crypto #shorts #youtubeshorts
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Bitcoin's meteoric rise in 2024 has been driven by several key factors. After a challenging period following the collapse of FTX in 2022, Bitcoin recovered significantly, surpassing $100,000 in November and hitting new all-time highs around $103,000. This surge was fueled by renewed institutional interest, regulatory clarity, and macroeconomic shifts like the Federal Reserve's interest rate cuts and increased demand for digital assets as inflation hedges.