The crypto market is operating bullish, with Bitcoin (BTC) in the spotlight. BTC broke the mark of $120,000 and is consolidating above this level, demonstrating a strong seasonal optimism momentum, known as "Uptober." There are reports that Bitcoin is approaching a new all-time high, with some analysts projecting it to reach $200,000 by the end of the year. The increase is influenced by macroeconomic factors, such as the search for value reserves amid global uncertainties and expectations regarding the Fed's interest rate policy in the US.
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The crypto market is operating bullish, with Bitcoin (BTC) in the spotlight. BTC broke the mark of $120,000 and is consolidating above this level, demonstrating a strong seasonal optimism momentum, known as "Uptober." There are reports that Bitcoin is approaching a new all-time high, with some analysts projecting it to reach $200,000 by the end of the year. The increase is influenced by macroeconomic factors, such as the search for value reserves amid global uncertainties and expectations regarding the Fed's interest rate policy in the US.