Bitcoin ETF

Bitcoin

Time

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-above-53000-for-first-time-since-late-2021/" data-wpel-link="internal">Bitcoin Surges Above $53,000 for First Time Since Late 2021</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/sec-durmuyor-sirada-coinbase-var-ceonun-iddiasi-sec-kacak-oynuyor" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/continued-downturn-in-the-cryptocurrency-market/" data-wpel-link="internal">BTC</a>)</strong> saw a price increase on Monday morning, breaking the $53,000 mark for the first time since the end of 2021. <a href="https://en.coin-turk.com/reasons-behind-bitcoins-recent-decline/" data-wpel-link="internal">Bitcoin</a> reached as high as $53,482 on Monday and currently maintains above the pivotal $53,000 mark at a price of $53,409.</p> 
<h2 id="bitcoin-etfs-gain-traction">Bitcoin ETFs Gain Traction</h2> 
<p style="text-align: justify">Bitcoin’s price approached $53,000 last week but fell below $51,000 within a day. BTC began to rise in early February following the launch of spot Bitcoin ETF products in the US market in mid-January. Major Wall Street financial firms like BlackRock and Fidelity now offer their clients a way to access Bitcoin through ETFs that trade similarly to stocks.</p> 
<p style="text-align: justify">There is significant demand for Bitcoin ETFs, and issuers have collectively purchased billions of BTC to meet this demand. Bitcoin started the month slightly above $42,000 and continued to gain in price until it crossed $50,000 on February 12th. Bitcoin surpassed the $50,000 threshold for the first time since December 2021. However, since then, Bitcoin had not made such significant moves until now.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-319804 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/btccc.jpg" alt="" width="1327" height="641"></p> 
<h2 id="price-movement-in-btc">Price Movement in BTC</h2> 
<p style="text-align: justify">Bitcoin has remained above the $50,000 mark for about two weeks, but before Monday morning’s leap, it was mostly fluctuating between $51,000 and $52,000 recently. The leading cryptocurrency, Bitcoin, showed an approximate 4% increase during the day, bringing its 30-day rise to 27%. The price of the token has more than doubled since this time last year, with an increase of 129% in that period.</p> 
<p style="text-align: justify"><strong>Bitcoin’s</strong> latest price surge comes ahead of the next halving event, expected around April 20. Halving combats inflation by cutting the BTC rewards given to miners by half and occurs programmatically approximately every four years.</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-surges-above-53000-for-first-time-since-late-2021/" data-wpel-link="internal">Bitcoin Surges Above $53,000 for First Time Since Late 2021</a></h5>

Bitcoin Surges Above $53,000 for First Time Since Late 2021

Table of Contents

COINTURK NEWS

Other articles published on Feb 26, 2024

Kelexo (KLXO) disturbs borrowing market as more Tether (USDT) & Cardano (ADA) whales buy in early

'We Need 10 Billion ADA More': Major Cardano Contributor on Key Attack Protection

RiskOnBlast Team Disappeared With Over 420 ETH In A RISK Token Rugpull

Theta Network Hints A Bullish Reversal! THETA Poised For 20% Jump?

The Revolutionary Potential of Bytus Blockchain Transforming Industries and Simplifying Transactions

Riot Games Unveils “2XKO” as Official Title for Highly Anticipated Fighting Game

Join our free newsletter for daily crypto updates!