Bitcoin Hits Record High of $57,000, Fueling Crypto Market Rally

Bitcoin surged to a two-year high of over $56,000, uplifting the broader crypto market, after MicroStrategy's $155 million purchase of 3,000 bitcoins. Ethereum also reached a multi-month high above $3,200, and crypto-related equities surged in the U.S. Bitcoin's upcoming halving event, bullish investor sentiment, and a weakening U.S. dollar contributed to the rally, with the market anticipating U.S. economic data that could impact Federal Reserve interest rate decisions.