The price of Bitcoin, the world’s first cryptocurrency, moved higher by almost 12 percent, supported by data from the Binance exchange. The latest figures show a notable uptick across major markets, reflecting renewed momentum in digital asset activity.
At 7:40 a.m. Moscow time, Bitcoin advanced by about 11.6 percent and traded near $24,687.00. The move marked another step in the recent price recovery, drawing attention to traders monitoring the market for signs of stability amid volatility.
Bitcoin has seen a wide range since its peak in late 2021. It dropped to around $69,000 in November 2021, then slid to roughly $17,000 by mid-2022, after which it fluctuated near the $20,000 level for an extended period. This history underscores how quickly sentiment can shift in response to macroeconomic developments and sector-specific news.
In February, Bitcoin’s price progressed through the month and reached approximately $24.19k, the highest level observed since August 15, 2022. On the same day, the total market capitalization of the cryptocurrency sector rose by about 3.9 percent within 24 hours, surpassing the $1.12 trillion mark. Such movements indicate growing investor interest and a broader recovery in risk assets.
Prominent voices from the financial world have offered forward-looking projections. Rich Dad Poor Dad author Robert Kiyosaki recently suggested that Bitcoin could reach $500,000 by 2025, arguing that digital assets alongside gold and silver may experience sharp, rapid gains. He described gold and silver as the currency of the gods and Bitcoin as a modern equivalent for everyday investors. These bold forecasts reflect a bullish stance that continues to circulate in mainstream discourse. (Cited commentary from market observers)
Anthony Scaramucci, founder of SkyBridge Capital, has offered a different but hopeful outlook, estimating that Bitcoin could approach $50,000 by 2025. Scaramucci has described 2023 as a year of recovery for Bitcoin, pointing to improving technicals and renewed institutional interest as supportive factors. (Cited analysis from fund managers)