He bitcoinsthe most used cryptocurrency, surpassed $57,100 this Tuesday, its highest level since the end of December 2021, during a day of oscillations.
After the closing of Wall StreetAt 5:00 p.m. local time in New York (22:00 GMT), bitcoin lost the level of $57,000 that it reached last morning and was below $56,800.
Since January 23, when it fell to $38,500, the price of the cryptocurrency has risen 48.4%.
According to the expert analyst in crypto assets from the eToro investment platform Simon Petersthe price rise comes after a week of consolidation, which could be due to a slowdown in the amount of bitcoins purchased by spot ETFs compared to previous weeks.
Since last February 14, the increases that bitcoin is registering seem to respond, according to experts, to the entry of institutional investors into the market following the decision of the SEC, the US stock market supervisor, to authorize the creation of exchange-traded funds (ETFs) linked to the spot price of this cryptocurrency.
The analyst of XTB Manuel Pinto has explained that bitcoin is trading upwards in the face of a positive medium-term environment, given investor appetite for exchange-traded funds that replicate its price.
Another element that is driving the price is the “halving” (the halving of the reward that the “miners” of this cryptocurrency obtain) which, according to the expert, will take place “in just a few weeks.” EFE (I)
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