- On February 12, the first cryptocurrency crossed the level of $49,000.
- The last time the bitcoin rate reached this mark in December 2021.
On February 12, 2024, the price of the first cryptocurrency crossed the $49,000 mark, according to TradingView. At the moment, bitcoin reached the level of $49,824.
The last time the asset’s exchange rate reached this mark was in December 2021.
BitMEX exchange co-founder and crypto expert Arthur Hayes said that the price of the first cryptocurrency will update the historical maximum in 2024.
Active bitcoin growth was also predicted by CryptoQuant CEO Ki Young Ju. According to him, in 2024, the value of the first cryptocurrency may reach the mark of $112,000.
The main driver of growth will be spot bitcoin-ETFs, the expert believes. In his opinion, even in the “worst scenario” bitcoin rate by the end of the year will reach $55,000.
Recall, we wrote that there are less than 10,000 blocks left before bitcoin halving.
