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Bitcoin Price Outperforms Crude Oil and Gold with 15% Surge in Last 90 Days

Bitcoin, the world's largest cryptocurrency, has seen a 15% increase in price over the past 90 days, outperforming major commodities like Crude Oil and Gold. Despite a major sell-off in global bank shares, Bitcoin breached the $30k price level on April 15, 2023, and is currently trading at an average price of $27,844 with a 24-hour trading volume of around $13.61 billion. However, recent data suggests that the market is experiencing a correction, with low volatility and a narrow trading range, and it is expected that equilibrium might get disturbed ahead.

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