Bitcoin has once again broken a historic milestone this Wednesday at exceed 60,000 US dollarsin a market marked by the expectation of a new halving, only so far today, Its price rises 5%, so it adds to a February jump of more than 42%.
The kickoff to this the bullish rally was approved on January 11th by the US regulator Bitcoin ETFs, that in the last two days daily volumes have approached 2 billion dollars. In total, 9 ETFs associated with the digital currency are operational. BlackRock’s iShares Bitcoin ETF (IBIT) saw more than 100,000 individual trades on Feb. 27, above its daily average of 30,000 to 60,000 trades.
With these new values, The most famous cryptocurrency is “one step away” from its historic milestone of $69,000. The last time Bitcoin traded above $60,000 was on November 12, 2021, when Bitcoin began its pullback, falling more than 67% to the macro low of $19,297 in early April 2022.
“There is speculation that Bitcoin will reach $150,000 by the end of this year and $1.5 million by the end of the decade, but the truth is that any figure is uncertain, especially in this context. It is already evident that 2024 it will undoubtedly be one of the most important years in the history of BTC, the main cryptocurrency on the market,” explained Sebastián Serrano, CEO and co-founder of Ripio.
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Source: Clarin
