Bitcoin Just days later, a record high was set on Friday morning It broke the previous high.According to statistics, the highest price of the cryptocurrency was $70,136.33 Coin platform. Bitcoin just hit a new high, only to drop thousands of dollars within minutes.
Over the past few weeks, this rollercoaster of ups and downs has become the norm. Bitcoin traders will be active in the morning, causing the price to keep rising, and then Bitcoin owners want to cash out their crypto, causing the price to drop significantly. Just an hour after surpassing $70,000 on Friday morning, Bitcoin’s value fell back below $67,000. This shows that cryptocurrency volatility is still very real.
It’s been a big year for Bitcoin.The value of cryptocurrencies has just begun Over $42,200 on January 1.Its meteoric rise in the first three months of this year is partly attributable to SEC approves multiple Bitcoin ETFswhich gives cryptocurrencies more security and increases interest from financial companies.
Bitcoin will not be as valuable in 2024 as it was in 2024, even if it reaches all-time highs. In November 2021, the price of one Bitcoin reached $68,982.20. In fact, Bitcoin is worth thousands of dollars less today than it was three years ago. To reach a new all-time high after adjusting for inflation, Bitcoin would need to top out at $76,544.11 in 2021 to break its highs.Maybe it will get there soon, or maybe this The current crypto hype cycle will cause another bubble to burst.