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The demand for bitcoins must exceed the supply so that prices rise.
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It needs to rise to keep the market growing, because along with bitcoin majority of the altcoins too is dropping in value. The move indicates a sharp rise could be on the horizon as the token continues to trade above that limit. You have come to the right place. Collectively we help bitcoin appreciate in value in the long run. Until 2021, bitcoin's value reached its highest point in january 2017 when it hit $19,498.63.
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