Bitcoin, the world’s first cryptocurrency, rose sharply, gaining about 16 percent to reach roughly $26,000 for the first time since February 21, 2023. Market observers note this movement using Binance trading platform data as a reference point for intraday activity.
As of 16:45 UTC, Bitcoin trades near $26,022, reflecting a 16.26 percent increase over the past 24 hours and signaling renewed buying interest among traders in North American markets and beyond.
The previous session saw Bitcoin climb about 18 percent, briefly touching the $24,400 level. Analysts pointed to broader macro factors and a supportive backdrop as catalysts for this run, including developments surrounding the recent banking sector challenges that captured market attention in the United States and globally.
American investor and well-known financial commentator Robert Kiyosaki has urged readers and followers to consider accumulating Bitcoin amid expectations of policy responses by central banks. He has argued that a surge in monetary stimulus could occur to sustain the economy following significant stress in the banking sector, a situation highlighted by the failure of a major regional lender in the United States.
During the first half of February, Kiyosaki asserted a bold forecast, suggesting Bitcoin could reach a price of 500,000 dollars by 2025, a projection that has sparked considerable discussion among enthusiasts and skeptics alike about Bitcoin’s long term potential and its role as a hedge against conventional financial risks.
In January, Anthony Scaramucci, founder of SkyBridge Capital, shared a view that Bitcoin could advance toward fifty thousand dollars on the stock market within the next two to three years, a timeline that has influenced investor sentiment and risk assessment across digital asset portfolios.