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    BTC price sets €68K euro all-time high as Bitcoin bulls eye gold next

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    Bitcoin recently reached a new all-time high in Europe, hitting €67,987 on Binance. After stagnating for eight months, it broke the price cap set in March. This development allowed Bitcoin users in the Eurozone to achieve a new high for their Bitcoins. Despite the European Central Bank’s unfavourable stance towards Bitcoin, the cryptocurrency continues to pose a strong challenge to traditional currencies, including the Australian dollar, Canadian dollar, and Turkish lira. Even so, potential investors are urged to conduct thorough research and understand the inherent risks of trading and investing.

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    Hey there! Bitcoin (BTC) is hitting it big! It recently reached a new all-time high in Europe. According to data from Cointelegraph Markets Pro and TradingView, Bitcoin hit a whopping €67,987 on Binance on October 29th! Pretty cool, right?

    But that’s not all! Bitcoin has also been doing well in terms of US dollar prices. After being stuck in a plateau for about eight months, Bitcoin finally made a breakthrough from a capped price set way back in March in Europe.

    That means Bitcoin users in the Eurozone just enjoyed a new all-time high for their Bitcoins, as reported by analyst Tuur Demeester. But it’s not just the Euro benefitting from Bitcoin’s surge – the Aussie dollar, Canadian dollar, and Turkish lira are just a few other currencies that are seeing all-time lows against Bitcoin.

    That said, Bitcoin and the Eurozone haven’t always been the best of friends – in fact, the European Central Bank (ECB) has repeatedly shown an unfavorable stance towards Bitcoin. The Crypto community even had a laugh recently at the ECB’s latest report, which was seen as far from legit.

    Demeester also flagged a part of the ECB’s report that suggested early adopters of Bitcoin were stealing economic value from individuals who joined later. So, it’s safe to say Bitcoin still has some hurdles to overcome.

    However, despite the highs and lows, one thing’s clear. Bitcoin is definitely a force to be reckoned with and it’s making huge strides. Here’s to more highs. But remember before you take that plunge, do your own research and understand that investing and trading always come with risks.

    Source: Cointelegraph

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