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The $62,000 to $70,000 price range has proven to be particularly lucrative for these ancient Bitcoin miners. This range represents a period when Bitcoin reached near its current all-time highs, providing an ideal opportunity for miners to sell their accumulated Bitcoin at premium prices.has quadrupled in price since the start of 2023, reaching an all-time high of $73,798 in March, boosted by demand for specialized U.S. exchange-traded funds.
Bitcoin plummeted along with the rest of the cryptocurrency market on Tuesday, reaching a low of $64,010, amid global economic concerns and lower summer liquidity. At the time of writing, the price of Bitcoin was down by 0.52% at $64,998, according to CoinMarketCap data, sliding below $65,000 for the first time since May 16.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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