On Feb 26, 2024, Bitcoin reached a new year high of $57,416, marking a significant 9.31% increase within the last day.

MicroStrategy's purchase of 3,000 Bitcoins increased their total holdings to 193,000, influencing the price surge.

Approximately 95% of Bitcoin supply is currently in profit, with predictions of a rise to $69k and a possible macro correction if profits exceed 96%.

Trading volumes surged for spot Bitcoin ETFs, notably with BlackRock's ETF exceeding $1 billion, contributing to Bitcoin's price rally.

The Bitcoin community is anticipating the halving event on April 20, which could alter Bitcoin's price and affect independent mining companies.

NFT-like Ordinals have seen a market resurgence, with sales reaching $19.7 million, as the Bitcoin halving event nears.

Transaction costs on the Bitcoin network have dropped due to less congestion, despite some criticism within the community.

Investors are warned of potential market corrections and advised to consider them as opportunities for purchasing.