Bitcoin's 2023 has been a volatile year, with significant price peaks and troughs. In January, Bitcoin experienced a recovery after a previous collapse triggered by slowing inflation. However, in February, the price dropped due to regulatory actions against the crypto industry by US regulators. In April, Bitcoin faced resistance at $30,000, leading to a price drop. May saw the first monthly drop of the year, influenced by diminishing liquidity and US Fed tightening. June witnessed a major short-squeeze and a subsequent rally in Bitcoin's price. July saw resistance at $30,000 and a subsequent drop. August was a month of dramatic price drops, partly influenced by CME data and the release of Coinbase's Bitcoin Futures trading. September marked a bounce-back for Bitcoin, finding support at $25,000. October saw a surge in Bitcoin's price due to the onset of Bitcoin Spot ETF fever.
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