In simple terms.
The year 2023 marks a new peak for Bitcoin.
After a significant experience, Bitcoin recovered and continued its trend.
Bitcoin** topped $65,000, its highest since November 2021.
2023 has been a significant upswing year for Bitcoin, with all eyes turned to new heights. At the beginning of 2024, it had risen to $49,000, but faced a downturn after the ETF decision, suddenly falling to $38,500, shocking investors. After this time, BTC was swift and maintained the momentum that began at the end of February.
Bitcoin***Last week, Bitcoin soared to its highest level since 2021. The rally peaked at $64,270 before temporarily falling back to $59,500. Over the next few days, **fluctuated between $61,000 and $62,500, making altcoins appear**.
On the evening of March 4, Bitcoin** broke through $64,000 again, but failed to maintain this level and retreated. As of the time of writing, BTC's ** has broken through this mark again, falling below the $65,000 threshold, which is the highest level since November 15, 2021.
Representatives of Turkish investors commented that the BTC TRY exchange rate has broken through 2,000,000 TL and set a new record. Many investors seem curious whether the ** will rise to $69,000 before the expected halving next month.
With **currently above $65,000, BTC's market cap has also grown by more than 5% to 12More than $7.8 billion. Trading volume surged 71% in the same minute to over $37 billion.
The current state of altcoins.
In addition, altcoins' movements continue to play an important role in the market. Among the top 10 cryptocurrencies by market capitalization, Dogecoin (DOGE) has risen the most in the last 24 hours, reaching 25%. As of this writing, DOGE's trade** is 0$1677.
After DOGE, Cardano (ADA) is in eighth place, with an increase of more than 10% in the last 24 hours to 0$7895 to find a buyer. Ethereum, often referred to as the king of altcoins, continued to trade above $3,500 with an increase of 389%。The other top 10 cryptocurrencies such as SOL, XRP, AX, and BNB are also involved, but to a lesser extent.