Bitcoin excited investors by approaching its all-time high today! 🚀 It exceeded the average price for short-term investors and crossed $63,500. According to CryptoQuant, the market value of USDT and USDC increased, which positively affected the price of Bitcoin.

Miners now earn a fair income, which increases market stability. Additionally, there have been large inflows into spot Bitcoin ETF funds in the last two weeks. Mt. Gox's repayments to creditors did not create panic in the market.

Trump's pro-crypto speech at the Bitcoin conference in Nashville buoyed market bulls. However, Bitcoin still has not been able to break its all-time high and hence it may trade in this range for some more time.