On Thursday, the price of Bitcoin rose by 6.43% to $52,052 thousand during trading, as evidenced by data from the Coindesk platform.
This is the highest level since December 2021. As of 18:13 Moscow time, growth slowed down to 6.11%, and the rate reached 51,558 thousand dollars.
The price increase led investors on crypto exchanges to largely close their short positions. According to Coinglass, more than $33 million in short positions were liquidated within an hour.
The price of the second cryptocurrency, Ethereum, by capitalization has also increased; It surpassed $2,700 and updated the previous maximum in 2024.
The other day, Standard Chartered Bank experts suggested that the Bitcoin rate could reach 200 thousand dollars by the end of 2025. The main driver of the currency’s growth is the expected approval of spot Bitcoin ETFs in the US.
According to experts, the adoption of the cryptocurrency market by institutional investors will lead to a “turning point” for this metal, comparable to the revolution in the gold market after the launch of exchange-traded funds.
It was previously reported that the “Fear and Greed” index would rise in the crypto market. augmented Up to 76 points out of 100, which corresponds to the zone of “extreme greed”.
The date when the Bitcoin price will rise was previously announced. will overcome historical maximum
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.