Bitcoin is continuing to boost in price and maintain its strong bullish trend despite a recent pullback from its peak at $73,628. Bitcoin’s price has seen a 140% boost over the past year, making it the best performer among the top 100 crypto assets.
With a high liquidity based on its market cap and a steady yearly inflation rate of 1.26%, Bitcoin’s price has the potential to rise further as long as demand continues to outpace the issuance of new coins. Traders and investors are closely watching the cryptocurrency’s performance as it consolidates and looks poised for further gains. The cryptocurrency’s strong fundamentals and its potential to break through key technical barriers indicate that it has the potential to reach new highs in the near future.
