Bitcoin has surged past $69,000, setting a new record and igniting a broad market rally. This increase in Bitcoin's value has brought attention to the altcoin market, with some Ethereum layer 2 tokens experiencing notable gains.
The total cryptocurrency market capitalization has expanded to $2.5 trillion, indicating renewed enthusiasm among investors. Institutional interest, notably in Bitcoin ETFs, alongside the upcoming US election, has set the stage for bullish sentiment.
While Bitcoin consolidates its gains, it sets its sights on the $70,000 level, further fueling market optimism.
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