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Cryptocurrency: Bitcoin hits a three-year high

29/02/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Nothing seems to stop the Bitcoin curve anymore. Several investors are now betting on the solid and long-lasting growth of Bitcoin, supported by ETFs authorized in the United States in mid-January, but not only

that.

Bitcoin jumped to 57,160 dollars at the start of the week, its highest since the end of 2021. The price of decentralized bitcoin has increased by 36% in one month. On Tuesday, the decentralized token jumped another 4.58% to 57,160 dollars. It is the highest since the end of 2021. According to Bitstamp data, over one year, the increase is even more impressive (+147%) while fraud scandals had chilled investors last year. Indeed, several observers are betting on the solid and long-lasting growth of Bitcoin, driven by ETFs, but also by “halving” (halving the token), a computer process on the Bitcoin blockchain that accentuates its rarity, and therefore automatically its value

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