TLDR
- Bitcoin is on a bull run, currently trading at $41,643.53 on Binance.
- Factors contributing to the rise include anticipation of the Federal Reserve lowering interest rates, increased demand for exchange-traded funds, and the upcoming Bitcoin halving.
- Should you invest in Bitcoin now? Here’s some guidance:
The meteoric rise of Bitcoin has captured the attention of investors worldwide, creating a sense of urgency for those afraid of missing out. But fear not! Avoid FOMO and FUD.
Bitcoin has just surpassed the $41,000 mark. According to CoinGecko data, Bitcoin (BTC) is currently trading at $41,643.53 with a 24-hour trading volume of $22,171,583,280.74. This represents a 5.85% increase in the past 24 hours and an 11.62% increase in the last 7 days.
Bitcoin market recovery – All you need to make it in the bull market
Bitcoin has reached for the stars, and the rest of the market is following suit. The global crypto market valuation now stands at $1.61 trillion, a 3.75% increase in the past 24 hours and a 79.97% increase compared to a year ago.
| Bitcoin Market Cap | Bitcoin Dominance | Stablecoin Market Cap |
|---|---|---|
| $815 billion | 50.58% | $130 billion |
After the crypto crash last year, FTX founder Sam Bankman-Fried was sentenced to prison for fraud, while top exchange Binance and its founder Changpeng Zhao recently pleaded guilty to US anti-money-laundering and sanctions violations and were fined $4.3 billion and $50 million, respectively.
BTC has seen a more than 140% increase in value this year, outperforming traditional investments like stocks and gold, and there are high expectations for further gains.
So, why is the BTC price rising?
The original cryptocurrency has recovered due to anticipation of the Federal Reserve lowering interest rates and increased demand from exchange-traded funds. The last time
