31 january 2025
Bitcoin on the way to $100,000: What's behind the new rise of the cryptocurrency?
Lately, bitcoin has been steadily gaining momentum and attracting investors' attention again. Will it sustain this pace, or is it just a temporary spike? What can we expect after the halving? Bloomberg and The New York Times have analyzed the situation, and we have collected the most interesting things. Bitcoin is back at its high: what happened? On March 5, the bitcoin rate reached a record high of $69,191.95, which became a new historical high. However, within a few hours, the price dropped sharply below $60,000, writes Bloomberg. For crypto investors, this is a real relief after almost two years of "crypto winter" when the market was experiencing a prolonged decline. A year ago, bitcoin cost only $16,600, and since the beginning of 2024, its price has jumped by 50%. In general, over the past year, the digital asset market...