Investing.com – Il is back on track, recovering most of the losses that had distanced it from the historical record reached at the beginning of March.
At 11am the queen of cryptocurrencies is trading at 71,166 dollars, up more than 6% in the last 24 hours, with a market capitalization of 1,400 billion.
They took care of getting the digital asset back on its feet capital inflows into spot ETFs on after the spills from Grayscale Bitcoin Trust (BTC) (NYSE:) had contributed to last week’s collapse. In the last year the value of Bitcoin has risen by more than 160%, but some investment houses are convinced that the party for supporters of the crypto does not end there. For example, analysts at Bernstein they set the target price of Bitcoin a 150.000 dollariwhere they believe it can arrive thanks to institutional investments and the next halving which should occur in April.
Below, here is an article that explains what is the Bitcoin Halving 2024 and when will it be.
Are you interested in cryptocurrencies? Then use Investing.com to delve deeper into the world of Bitcoin and altcoins: find out how cryptocurrency taxation works in Italy, or delve deeper into the phenomenon of the moment by reading an article that explains what crypto ETFs are.
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