Bitcoin is close to its all-time high and may continue to grow
Kyiv • UNN
Bitcoin is close to exceeding its historical high of $68 thousand set in November 2021, as its value has already exceeded $65 thousand.
The value of bitcoin has exceeded $65 thousand. The last time it reached this level was at the end of 2021, and to surpass the historical maximum, it must increase in value by another $3.6 thousand. Reuters writes about this, UNN reports.
Details
At the beginning of trading on the European market, the price of bitcoin reached a session high of $65,537, setting a new two-year record. Bitcoin reached its all-time high in November 2021, when it cost $68,999.99.
The most expensive cryptocurrency has risen by 50% this year, with much of the increase coming in recent weeks, when inflows to US-registered bitcoin funds have surged. The launch of spot bitcoin exchange-traded funds in the United States earlier this year paved the way for new large investors and reignited enthusiasm, hinting at a move to record levels like in 2021.
Investors are feeling more confident, it looks like the price will be even higher
Net inflows to the 10 largest US spot bitcoin funds reached $2.17 billion in the week to March 1, with more than half of that coming from BlackRock's iShares Bitcoin Trust (IBIT.O).
Recall
In early February, also for the first time since 2021, bitcoin surpassed the $50,000 mark. At that time, it rose by $3 thousand per day.
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