LIVE๐ฑ๐๐Bitcoin rises to level last seen in 2021: Could repeat the streak
#Bitcoin also surpassed $ 53 thousand today. The number one cryptocurrency by market capitalization reached $ 53,647 in the evening. The last time Bitcoin saw this level was on December 4, 2021.
on track to repeat the series in 2020-21
The crypto currency, which opened the month of February at the level of 42 thousand 580 dollars, has gained 26 percent in value since then. If the price does not fall below $ 42,580 in the remaining three days, a 6-month upward series will be caught. The last time such a bullish streak was experienced was during the 2020-21 bull season.
ETF investments are continuing, halving is expected, MicroStrategy continues to buy
It is thought that block reward halving and investments in ETFs are behind the price increase. As it is known, the fourth halving, which takes place every four years in Bitcoin, will take place in April. On the other hand, the US-based company MicroStrategy is also continuing its purchases. The company announced today that it has purchased 3 thousand BTC and its Bitcoin assets have reached 193 thousand BTC.
The rise of Bitcoin was followed by other cryptocurrencies. Ether, the second largest cryptocurrency by market capitalization, reached up to 3 thousand 166 dollars. The total value of the cryptocurrency market was 2 trillion 60 million dollars.
