The price of the most popular cryptocurrency in the world, Bitcoin, increased by 10% compared to quotes on Friday, February 9. As of Monday evening, February 12, it is more than 50 thousand dollars.
This data is provided by the crypto exchange Coindesk. Experts attribute the growth to the easing of China’s monetary policy. This has led to an increase in asset purchases: this is especially true for cryptocurrencies.
The last time Bitcoin traded at this level was at the end of 2021. Experts believe that if the price remains at a high level for several days, then further growth can be expected. It is possible that the price of cryptocurrency will overcome the record of 69 thousand dollars.
How the value of Bitcoin grew
At the beginning of January 2024, Bitcoin crossed the $45,000 mark for the first time in more than a year and a half. Overall, Bitcoin has increased in price by 156% over the past year. This was the highest annual figure since 2020.
On January 9, 2024, the price of Bitcoin rose above $47,000. This happened for the first time since April of the year before. The reason for the growth was the readiness of American regulators to approve exchange-traded funds that can invest directly in digital assets.
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2024-02-12 18:50:00
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