Key reasons why Bitcoin is trading near its all-time high

Bitcoin surpassed $65,300 on Monday morning, bringing it one step closer to its all-time high of $69K, which was reached in November 2021.

The cryptocurrency asset increased by more than 6% in the last day. Historical gains associated with Bitcoin’s halving event, euphoric sentiment, and institutional buying demand are positioning the asset to surpass its lifetime highs of $69,000 in March.

The crypto markets have had a very bullish influence since the beginning of February. Every day, the volume has been surpassing, demonstrating the extensive participation of market players.