Bitcoin exceeded $49,000 for the first time since December 2021

  • On February 12, the first cryptocurrency surpassed the $49,000 level.
  • The last time the Bitcoin rate reached this level was in December 2021.

On February 12, 2024, the price of the first cryptocurrency surpassed $49,000, according to TradingView. At the moment, Bitcoin reached the level of $49,950.

BTC/USDT exchange rate on the Binance exchange.  Source: TradingView
BTCUSDT exchange rate on the Binance exchange Source TradingView

The last time the asset rate reached this level was in December 2021.

Co-founder of the BitMEX exchange and crypto expert Arthur Hayes said that the price of the first cryptocurrency will reach a historical maximum in 2024.


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The active growth of Bitcoin was also predicted by the CEO of CryptoQuant, Ki Young Ju. According to him, in 2024 the cost of the first cryptocurrency could reach $112,000.

The main driver of growth will be spot Bitcoin ETFs, the expert believes. In his opinion, even in the “worst case scenario,” the Bitcoin rate will reach $55,000 by the end of the year.

Let us remind you that we wrote that there are less than 10,000 blocks left before the Bitcoin halving.

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