Bitcoin Passes $56,000 After 10% Rally In 24 Hours.

Bitcoin has been on a run in the past 24 hours after Micro Strategy purchased an additional 3,000 Bitcoin worth $155 Million dollars.

This massive liquidity moving into Bitcoin has once again ignited the crypto market with many other of the top altcoins seeing sizeable gains.

It will be very interesting to see if Bitcoin can approach or maybe even surpass its previous all time high of just over $68,500 over the next few weeks or whether we will see a quick retrace in price as traders pull profits from this recent surge.

The crypto market is heating up nicely with hype growing around spot Ethereum ETF applications and with Bitcoins historical halving approaching in mid April.

Bitcoins recent surge will filter down through the crypto market over the days ahead and it would surprise me if we see some impressive gains for some of the mid and low cap altcoins especially in the red hot AI and gaming niches.

On a finishing note, the crypto market is heating up nicely and if all goes to plan, the up-coming bull run will be one of the most exciting yet.

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