Bitcoin ($BTC) has experienced significant upward movement, rising by approximately 2.97% in recent trading sessions. The cryptocurrency is currently being traded at around $71,000, with some analysts suggesting that it could reach a new all-time high. Market volatility has increased, affecting various currency pairs, including the USD/JPY, which rose by 0.75%, while the GBP/USD and AUD/USD fell by 0.6% and 0.7%, respectively. The overall market sentiment indicates a bullish outlook for Bitcoin, with some traders speculating on the potential for further gains in the memecoin sector as well.