Bitcoin has managed to push closer to the psychological $70,000 level after reclaiming $69,000. Meanwhile, Ethereum has jumped above $2,300 and is outperforming Bitcoin on a percentage basis. The question is now whether crypto is back indeed or just a relief rally has returned with a vengeance.
Improved liquidity expectations, regulatory optimism, ETF demand and short liquidations have given the market a much-needed boost, but Bitcoin and Ethereum are still significantly below their previous cycle highs.
Read more: White House Crypto Meeting: Trump Pushes Clarity Act as Bitcoin Above $70K
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Bitcoin Price Surges Toward $70K: What Is Driving the Rally?
Bitcoin price is back in focus after…
