Bitcoin breaks $60k, now only 2% from highest monthly close in history

Bitcoin is continuous its out of the ordinary speed, smashing via $60k earlier than the gap of the US market.

Bitcoin subsequently recorded a brand new year-to-date high of $60,807 sooner than retracing to $60,140 as of press time. It soared 7% in the course of the final 24 hours, adding to its good points from the commence of the week. Since Monday, Feb. 26 the flagship digital asset is up 20% from $51,500.

Had been Bitcoin to elevate above $60,000 for additional than 24 hours it might maybe be simplest the 2nd time it has closed a monthly candle above the main stage. The glorious other monthly candle shut used to be in October 2021, when it closed at $61,293. Thus, a 1.94% fabricate bigger from the contemporary stage would peep Bitcoin mark its most practical monthly shut in historical previous.

The Bitcoin save surge can doubtlessly be attributed to a offer squeeze attributable to the increased demand from plan Bitcoin ETFs in the US. Further, ‘dapper cash‘ has been accumulating Bitcoin alongside ETF inflows, main to a most practical likely storm for a save surge.

Bitcoin Market Records

At the time of press 1:51 pm UTC on Feb. 28, 2024, Bitcoin is ranked #1 by market cap and the worth is up 5.98% in the course of the final 24 hours. Bitcoin has a market capitalization of $1.19 trillion with a 24-hour buying and selling quantity of $50.22 billion. Be taught extra about Bitcoin ›

Bitcoin

1:51 pm UTC on Feb. 28, 2024

$60,423.99

5.98%

Crypto Market Summary

At the time of press 1:51 pm UTC on Feb. 28, 2024, the whole crypto market is valued at at $2.24 trillion with a 24-hour quantity of $114.38 billion. Bitcoin dominance is currently at 52.88%. Be taught extra in regards to the crypto market ›