The cryptocurrency has already gained significantly this year and has risen above an important mark.
(Photo: Reuters)
Dusseldorf Bitcoin is currently reclaiming one brand after the other. The price of the oldest and most important cryptocurrency has risen from around $16,500 to over $23,000 since the beginning of the year. This is the highest level since August 2022.
Last year, Bitcoin crashed along with the entire crypto market. In the course of rising interest rates, a lower willingness to take risks on the part of investors, but above all due to scandals surrounding various crypto projects, the Bitcoin price collapsed by up to 66 percent. At the record high of 2021 it was even minus 77 percent.
With the better mood on the stock markets, Bitcoin is now rising again and the first experts are becoming more optimistic. For example, Sean Farrell, digital asset investment strategist at Fundstrat, recently raised his price target for this year to a $35,000-$44,000 zone.
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