Bitcoin surpassed 53 thousand dollars today. The number one cryptocurrency by market value reached 53 thousand 647 dollars in the evening. Bitcoin last saw this level on December 4, 2021.

On track to repeat streak in 2020-21

Cryptocurrency, which opened February at 42 thousand 580 dollars, has gained 26 percent in value since then. If the price does not fall below 42 thousand 580 dollars in the remaining three days, a 6-month upward series will be achieved. Such a rising series was last experienced in the 2020-21 bull season.

ETF investments continue, halving is expected, MicroStrategy continues to buy

It is thought that the block reward halving and investments in ETFs are behind the price increase. As it is known, the fourth halving, which occurs every four years in Bitcoin, will take place in April. On the other hand, the US-based company MicroStrategy also continues its purchases. The company announced that it purchased 3 thousand BTC today and its Bitcoin assets reached 193 thousand BTC.

Other cryptocurrencies also followed the rise of Bitcoin. Ether, the second largest cryptocurrency by market value, reached up to 3 thousand 166 dollars. The total value of the cryptocurrency market was 2 trillion 60 million dollars.

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