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Will Bitcoin usher in a new bull market?
Affected by the rally in U.S. stocks on Tuesday, Bitcoin continued to rise to more than $20,000. According to a report by Arcane Crypto analysts Vetle Lunde and Bendik Norheim Schei, Bitcoin’s 30-day volatility is near a six-year low, which could mean a breakout is on the horizon. The last time this level was reached was in the summer of 2020. Bitcoin stayed below its current price for four straight days before a “price surge,” according to the report.