Bitcoin started 2024 very powerfully. The cryptocurrency has already set several new records, one of which was set in March. Bitcoin’s new record Bitcoin’s price has ended the seventh month in a row with positive dynamics. According to Investing data, the value of the world’s most famous cryptocurrency grew by 16.8% in March. Such a result has been recorded for the first time in history.
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Moreover, on the night of April 1, Bitcoin even rose to $71,444 per coin. By morning, the price of the digital currency had dropped to $69,002 per unit. In general, the new historical maximum for Bitcoin is almost $74,000. This record was set in March 2024. During the first month of spring, the following changes related to Bitcoin were recorded:
After reaching a new maximum, the coin’s price dropped to $61,000 for several consecutive trading sessions; At the end of March, Bitcoin rose again to the level of $70,000 per coin. At the time of writing this material, the price of Bitcoin is fluctuating around $65,885 per coin. The cryptocurrency’s market capitalization is $1.29 trillion, according to Yahoo!Finance data. Expert opinions on Bitcoin Experts from the Santiment analytical platform stated that the rise in Bitcoin was significantly contributed to by the activity of large market players. They claim that these players activated the “buy” mode against the backdrop of Bitcoin’s price decline after reaching peak values.
In addition, Larry Fink, the head of the world’s largest investment company BlackRock, assesses the long-term prospects of Bitcoin quite positively. In particular, he believes that the cryptocurrency market is on the path to greater liquidity and transparency.