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Bitcoin's Rollercoaster Ride To An All-Time High; Apple's Attempts to Break The Box Office

Apple’s recent attempts to break the Box Office provides mixed results.

Bitcoin reached a new all-time high, soaring close to $69,000, before experiencing a subsequent decline.

Source: Yahoo! Finance

Source: Yahoo! Finance

Bitcoin (BTC-USD) achieved an all-time high on Tuesday before experiencing a pullback as some investors opted to secure their gains.

Amid renewed excitement surrounding the world's largest cryptocurrency, its price surged to $68,869, surpassing the previous $68,789 set on Nov. 10, 2021. However, within a few hours, it swiftly dropped below the $60,000 level.

This new peak marked a notable resurgence for Bitcoin, rebounding from a 2022 crash that led to substantial losses for investors and the downfall of prominent industry players, including cryptocurrency exchange FTX and its founder Sam Bankman-Fried.

The abrupt retreat from Tuesday's high was a stark reminder of the persisting volatility associated with this digital asset. At one point, it experienced an 11% decline, reminiscent of the tumultuous events witnessed in 2022.

Throughout the current year, Bitcoin has been riding a wave of enthusiasm, ignited by a series of spot Bitcoin exchange-traded funds (ETFs) that commenced trading in January. These funds provided everyday investors with broad access to the digital asset, fueling expectations of a potentially record-breaking year.

Apple’s recent attempts to break the Box Office provide mixed results.

@gala.fr

#leonardodicaprio #cannes2023 #hotelmajestic

Apple has been swinging for the fences at the box office. With three major projects released since October, Apple has spent a total of $700 million on the trio of “Killers of the Flower Moon”, “Napoleon”, and “Argylle”.

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