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.


Bitcoin
BTC
Price:
$49,232

2.43%
24h Volume:
$10.8b

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.

author avatar
Barack
As an experienced journalist, expert in useful tips, I have a passion for providing valuable information and practical guides to a wide audience. My articles are characterized by thorough research and verification of reliable sources that ensure the quality and accuracy of every information I provide
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