Bitcoin price reaches $52 thousand and capitalization exceeds $1 trillion

After reaching $50 thousand, the value of the cryptocurrency Bitcoin briefly declined, and then confidently overcame the resistance of this level. Over the past 24 hours, bitcoin has risen from about $48.4 thousand to $52 thousand, or about 7%. At the time of writing, the price has slightly decreased to about $51.8 thousand.

The cryptocurrency has overcome the level of $51 thousand. for the first time since December 2021. Steady growth began in January last year, and in 2023, the value of cryptocurrency rose by more than 150%. This year, growth continued. Since the beginning of 2024, the price of Bitcoin has increased by more than 21%.

Thanks to this rapid growth in the price of the cryptocurrency, Bitcoin’s capitalization has exceeded $1 trillion for the first time since the end of 2021.

The last record high of bitcoin was just under $69 thousand. in November 2021.

It is worth noting that in April this year, Bitcoin is expected to halve the remuneration of miners for cryptocurrency mining, which happens approximately every 4 years. Historically, halving has preceded bitcoin’s reaching new record highs in the following months.

Source itc
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