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April
2023-05-29 06:06
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Rowena
Bitcoin bull run in 2021 refers to the significant surge in the price of Bitcoin from the beginning of the year to its peak in April. This rally was fueled by various factors, including increased institutional adoption, growing retail investor interest, and the COVID-19 pandemic, which led to economic uncertainties and inflation concerns. Additionally, the halving of Bitcoin's mining rewards in May 2020 also played a role in the limited supply of new Bitcoins, further increasing its value. The bull run led to new all-time highs for Bitcoin, reaching over $60,000 in April 2021. However, the market sentiment shifted, leading to a significant price correction and increased volatility.
Release time 2023 05 29
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Driscoll
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Fergal
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Listener
Release time 2023 05 29