Bitcoin price reached 57 thousand dollars for the first time since November 2021, with a sharp increase of more than 9% in the last 24 hours.
Bitcoin price continues its rally breathlessly, with a sharp price rise It came to 57 thousand dollars. With the latest upward wave, Bitcoin has reached its highest levels since November 2021, which was seen as the beginning of the bear market.
Although the rise in Bitcoin was also reflected in altcoins, no major price movements were observed in general. Ethereum (ETH) 3.9% with rise 3,227, BNB (BNB) 3.8% with rise 399, Ripple (XRP) 3% with rise from $0.555 is being traded.
Why is Bitcoin rising?
It is thought that ETFs have a major impact on the rise in Bitcoin price. Except for Grayscale Bitcoin Trust (GBTC), other exchange-traded funds (ETFs) closed yesterday. $2.4 billion It broke a daily record by recording transaction volume.
According to the statement of Bloomberg analyst Eric Balchunas, yesterday’s trading volume increased the ETFs’ From January 11, the first trading day It was even too much.
According to CoinGecko data, Bitcoin, at the time of writing From $56,289 is being traded.