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Bitcoin (BTC) price rose to the highest mark in nearly three years on Wednesday before correcting lower on Thanksgiving to erase previously weekly gains. Fundamental analysis: New record highs eyed Crypto investors witnessed a strong move higher in Bitcoin price thanks to being perceived as a safe-haven against inflation and driven by expectations of mainstream adoption. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. The world’s biggest cryptocurrency advanced around 150% year-to-date and is up around 360% from its March levels after the coronavirus outbreak. “Driven by a mix of market structure and strong fundamentals, bitcoin could now be within days of reaching its all-time high,” said Nicholas Pelecanos, chief of trading at NEM. “Underlying this bullish price action is the inflation hedge narrative that has captured Wall Street since the immense money printing campaigns undertaken by the Fed earlier this year,” Pelecanos added. Bitcoin’s uptrend this year was driven by strong demand for riskier assets as a result of unparalleled stimulus measures by governments and central banks around the world to ease the effects of the coronavirus pandemic. According to analysts, investors including family offices have seen Bitcoin