Price: $0.19477 -1.9032%
Market Cap: 28.57B 1.137%
Volume (24h): 4.51B 0.2%
Dominance: 1.137%
Price: $0.19477 -1.9032%
Market Cap: 28.57B 1.137%
Volume (24h): 4.51B 0.2%
Dominance: 1.137% 1.137%
  • Price: $0.19477 -1.9032%
  • Market Cap: 28.57B 1.137%
  • Volume (24h): 4.51B 0.2%
  • Dominance: 1.137% 1.137%
  • Price: $0.19477 -1.9032%
Home > Information news > Bitcoin Price Soars to New Heights

Bitcoin Price Soars to New Heights

Release: 2024/03/04 17:50 Reading: 317

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/65e58b365a6d5b159a645062

You can also read this news on COINTURK NEWS: Bitcoin Price Soars to New Heights

The year 2023 has been a remarkable ascent for Bitcoin, with all eyes turning to new heights. In the early days of 2024, it rose to $49,000 but faced a downturn after the ETF decision, shocking investors with a sudden drop to $38,500. Following this decline, BTC quickly recovered and is maintaining its rise that started at the end of February.

Bitcoin’s Price on the Rise

Last week saw a surge in Bitcoin‘s price, reaching levels not seen since 2021. The rise peaked at $64,270, followed by a temporary pullback to $59,500. In the subsequent days, the price traded between $61,000 and $62,500, allowing for an altcoin rally.

On the night of March 4th, Bitcoin’s price once again surpassed $64,000 but failed to sustain this level and retreated. As of this writing, BTC’s price has once again exceeded this mark and left behind the $65,000 threshold, a level not seen since November 15, 2021.

Commenting on behalf of Turkish investors, the BTC/TRY exchange rate has surpassed 2,000,000 TL, setting a new record. Many investors seem curious whether the price will rise to $69,000 before the expected halving next month.

With the price now above $65,000, BTC’s market capitalization has also seen an increase of over 5%, settling above $1.278 billion. The trading volume surged by 71% within the same minute, surpassing $37 billion.

Current State of Altcoins

In addition, price movements in altcoins continue to play a significant role in the market. Among the top 10 cryptocurrencies by market cap, Dogecoin (DOGE) saw the largest increase of 25% in the last 24 hours. At the time of writing, DOGE is trading at $0.1677.

Following DOGE, Cardano (ADA) ranked 8th, has seen an increase of over 10% in the last 24 hours, finding buyers at $0.7895. Ethereum, often referred to as the king of altcoins, continues to trade above the $3,500 level with a 3.89% increase. Other top 10 cryptocurrencies like SOL, XRP, AVAX, and BNB also participated in the rally but to a lesser extent.

The post first appeared on COINTURK NEWS: Bitcoin Price Soars to New Heights

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