Bitcoin price has surged past the $41,000 market, trading at $41,325.69 per (BTC / USD) on Binance, recapturing lost glory. This is consistent with market-wide optimism regarding the approval of Bitcoin Spot ETFs, the upcoming 2024 BTC halving, and other positive developments.
Ethereum leads the recovery of the altcoin market, trading at $2,248.94, SOL at $64.89, and DOGE at $0.090542. The global crypto market cap is now $1.6 trillion, a 3.39% increase over the last 24 hours and a 79.13% increase over a year ago. Bitcoin has a market valuation of $807 billion, reflecting a 50.33% market dominance.
The recent increase also marks a new year-to-date high for Bitcoin, which has increased by more than 140% since the beginning of the year.
Matrixport’s chief of research, Markus Thielen, predicts that Bitcoin will top $60,000 by April 2024 and reach $125,000 by the end of 2024.
Source: NEWSBTC
