Bitcoin flirts with breakout, price mirrors lead-up to 2012 halving

Bitcoin is eyeing a price breakout after clearing $38,200 earlier today, reaching its highest point in 17 months.

That puts bitcoin up 130% this year, far more than almost all other top-25 cryptocurrencies.

BTC only trails bitcoin cash (BCH), chainlink (LINK) and solana (SOL), which were up 133%, 163% and 508%, respectively, as of 5am ET.

For scale, bitcoin’s year-to-date gains are in line with Tesla stock and double Intel and Microsoft. 

Chipmaker Nvidia is meanwhile up more than 230% on the back of artificial intelligence hype, which made it the ninth company in history to reach trillion-dollar market value. Crypto’s overall market cap is now close to $1.5 trillion, with bitcoin…

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