The increase in the value of bitcoins is attributed to the fact that the US regulator simplified the trading of bitcoins last month.
Photo: EPA/UPG
The world’s largest cryptocurrency, Bitcoin, is on its way to an all-time high, The Guardian reports .
Bitcoin is up another 4% this morning to over $63,000.
Thanks to this, Bitcoin’s growth has increased to 50% this year.
As such, Bitcoin could soon reach an all-time high of nearly $69,000 set in November 2021, before falling during 2022.
Bitcoin’s gains in recent weeks have been driven by the launch of new bitcoin ETFs approved by US regulators last month to make bitcoin trading easier.
There has been a large influx of clients into ETFs launched in recent weeks by investment groups such as BlackRock and Fidelity.
Another factor is that the Bitcoin halving will take place in April: this will reduce the reward for mining Bitcoins in order to slow down the entry of new coins into the market.