Solana

Bitcoin

Spot

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-climbs-surpassing-61000/" data-wpel-link="internal">Bitcoin Price Climbs, Surpassing $61,000</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/bitcoin-btc-ve-sp-500-arasindaki-iliski-2021de-ilk-kez-negatife-dondu" data-wpel-link="internal">Bitcoin</a> started the day at the $57,000 level, but as the day progressed, the situation took an incredible turn. As of this hour, <a href="https://en.coin-turk.com/crypto-analyst-michael-van-de-poppe-highlights-critical-week-for-bitcoin/" data-wpel-link="internal">Bitcoin</a>‘s price has surpassed the $61,000 level for the first time since November 18, 2021.</p> 
<h2 style="text-align: justify" id="bitcoin-s-price-rise">Bitcoin’s Price Rise</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> broke through the $69,000 mark in November 2021, leading investors and analysts to believe it was on its way to $100,000. However, things did not go as expected. By the end of 2022, charts were indicating a level of $16,000 for BTC. The recovery started from this point.</p> 
<p style="text-align: justify">At the beginning of 2023, BTC entered a recovery phase and after a full year, it was trading above $40,000, having tripled in price during this period. In January 2024, following the approval of a Spot Bitcoin ETF, BTC rose to $49,000 before falling again to $38,500, but it soon recovered once more.</p> 
<p style="text-align: justify">Following this period, the market experienced a positive atmosphere and, spurred by the excitement of the BTC halving, the price suddenly soared and has been maintaining this rise for days. Especially today, starting its journey at the $57,000 level, the BTC price has, as of writing, climbed above the $61,000 mark and is trading at this level.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-320822" src="https://coin-turk.com/wp-content/uploads/2024/02/btc-61-000-dolar.png" alt="" width="1567" height="891"></p> 
<p style="text-align: justify">During this process, Bitcoin’s market capitalization nearly reached $1.2 trillion, yet curiously, there was a drop of over 4% in trading volume. While all this was happening, investors were wondering whether the price could rise again to its historical peak of $69,000.</p> 
<h2 style="text-align: justify" id="the-latest-on-altcoins">The Latest on Altcoins</h2> 
<p style="text-align: justify">Meanwhile, attention has turned to the altcoin market. ETH, the undisputed leader of altcoins, was trading at $3,360, up 3.24%, at the time of writing.</p> 
<p style="text-align: justify">Looking at other high-volume altcoins on the list, <a href="https://en.coin-turk.com/renowned-analyst-sets-the-date-pay-attention-to-this-scenario-in-binance-coin/" data-wpel-link="internal">BNB</a>‘s price was up nearly 5%, trading above $413, while Solana (SOL), which made a significant impact last year, was up 2.52%, trading above $111.</p> 
<p style="text-align: justify">XRP, one of the most followed altcoins in the market, saw a 4% increase during the same period, trading at $0.588.</p> 
<p style="text-align: justify">As for meme coins, indicators pointed to an uptrend for <a href="https://en.coin-turk.com/technical-analysis-of-the-dogecoin-market/" data-wpel-link="internal">DOGE</a> and SHIB. Respectively, these meme coins rose by 2.45% and 5.37%, trading at $0.099 and $0.000011.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-climbs-surpassing-61000/" data-wpel-link="internal">Bitcoin Price Climbs, Surpassing $61,000</a></h5>

Bitcoin Price Climbs, Surpassing $61,000

Table of Contents

COINTURK NEWS

Other articles published on Feb 28, 2024

DOGE Price Hints A Massive Breakout, Despite Losing Its $0.1 Mark!

Kraken Unveils Specialized Institutional Crypto Division

CEO Of German VC Firm Predicts XRP To Become ‘World Reserve Bridge Currency’

Terra Classic’s Utility Sparks LUNC; USTC Rally Toward $1?

AI Training Methods Evolve Amid Controversies

Tron Founder Denies Claims Of Limited HTX Usage Amidst Criticism

Join our free newsletter for daily crypto updates!