This week the price of Bitcoin reached $50,000, its highest value since December 2021, paving the way for the possible end of crypto winter.
The main cryptocurrency on the market has experienced drops in value throughout much of 2023. This has eroded the confidence of cryptocurrency holders. However, upon reaching USD 50,000 this Monday, specialists are betting on an upward trend that could take the price to USD 69,800, a price it reached on November 8, 2021.
Investors view this jump in the price of Bitcoin with optimism, and hope that industry conditions improve so that it can reach the levels of two years ago.
It is important to mention that during the last three months of 2023, the price of Bitcoin managed to recover, with an increase of 60 %, to close the year at USD 42,000.
It must be remembered that approximately in April of this year the fourth Bitcoin halving will occur, which generates strong expectations of an increase in the price of the cryptocurrency, as has occurred in previous ones. However, there are still more than 60 days to know what will happen.
M.Pino
With information from national and international media and social networks
(Referential image source: Kanchanara on Unsplash)
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