Bitcoin’s Price on the Rise
On the night of March 4th, Bitcoin’s price once again surpassed $64,000 but failed to sustain this level and retreated. As of this writing, BTC’s price has once again exceeded this mark and left behind the $65,000 threshold, a level not seen since November 15, 2021.
Commenting on behalf of Turkish investors, the BTC/TRY exchange rate has surpassed 2,000,000 TL, setting a new record. Many investors seem curious whether the price will rise to $69,000 before the expected halving next month.
With the price now above $65,000, BTC’s market capitalization has also seen an increase of over 5%, settling above $1.278 billion. The trading volume surged by 71% within the same minute, surpassing $37 billion.
Current State of Altcoins
In addition, price movements in altcoins continue to play a significant role in the market. Among the top 10 cryptocurrencies by market cap, Dogecoin (DOGE) saw the largest increase of 25% in the last 24 hours. At the time of writing, DOGE is trading at $0.1677.