The price of the cryptocurrency Bitcoin has increased due to the increase in risk appetite in global markets and spot Bitcoin exchange-traded funds. (ETF) With the continued interest, it is traded above 45 thousand dollars.
According to data from analysis company Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, increased by 4.6 percent in 24 hours and exceeded 1 trillion 703 billion dollars.
The price of Bitcoin, the largest cryptocurrency, has gained more than 5 percent in the last 24 hours as investments in spot Bitcoin ETFs have continued to rise for 9 days.
Expectations that major central banks will start reducing interest rates this year and move towards a more supportive monetary policy also support the increase in Bitcoin.
Bitcoin, which was traded at $ 45 thousand 300 today at 19.10 CET, reached its highest value since January 11. Bitcoin’s weekly value gain exceeded 6.3 percent.
STILL FAR FROM RECORD LEVEL
Bitcoin has gained more than 70 percent in value since October 2023, but it is still far from its record level of $68,990 in November 2021. The price of Bitcoin gained approximately 157 percent last year.
Analysts say the halving will take place in April and reduce the new Bitcoin supply. (halving) This indicates that the upward momentum in the price of crypto money may continue due to the process.
Ethereum, which ranks second in terms of market value, gained 2.7 percent in the last 24 hours and reached 2 thousand 441 dollars. Ethereum also broke a record by exceeding 4 thousand dollars in 2021.
US Securities and Exchange Commission (SEC)Approved 11 different spot Bitcoin ETF applications on January 11.
Bitcoin is at a critical level
Remarkable move from Bitcoin miners
Capital inflow to Bitcoin ETFs continues
The information on the page does not constitute advice and is not within the scope of investment consultancy. It may not fit your investor profile.
Source: https://www.borsagundem.com/haber/bitcoin-45-bin-dolari-asti-1783387
