Bitcoin is targeting record growth in the next quarter of 2023, this rate was last recorded in 2021. Agency reports Bloomberg.
“Bitcoin has increased by 70% since the beginning of 2023. “Some of the efforts to support liquidity in the US banking sector have turned out to be a positive factor for risk assets, helping cryptocurrencies and gold,” said Chris Weston, Pepperstone Group head of research.
Bitcoin’s resurgence has helped the digital asset market appreciate nearly $390 billion in 2023 after a $1.5 trillion collapse last year. Currently, the bitcoin rate remains at $28,000, but analysts expect record growth to continue.
“Bitcoin is on the rise. “Our calculations show a target price of around $35,000,” said Tony Sycamore, market analyst at IG Australia.
Some analysts argue that the token’s rise is due to the US and Europe being seen as a hedge against problems in the banking sector and a way to mitigate the effects of these problems on the economy.
It was previously reported that the price of bitcoin was like this. exceeded the mark It’s at $28,000 for the first time since June 12, 2022.