Bitcoin hit a two-year high of $57,000 on Tuesday amid signs of major players buying the cryptocurrency.
The price of Bitcoin reached its two-year high on February 27 – more than $57,000, after one of the main investors bought the cryptocurrency. It was reported by Reuters.
Bitcoin rose more than 10% in two sessions, boosted by Monday’s disclosure from crypto investor and software developer MicroStrategy, which said it recently bought about 3,000 bitcoins worth $155 million.
Bitcoin also started to rise after the approval of exchange-traded funds ETFs in the United States. Trading volume increased in many funds on Monday, and crypto-related companies also rose.
Bitcoin rose to $57,036 this morning in Asia, its highest since late 2021. Ethereum rose to $3,275, its highest since April 2022.
Earlier it was reported that the rate of the most popular cryptocurrency in the world, Bitcoin, exceeded $50 thousand.
We remind you that in January the United States took an important step towards legalizing Bitcoin. The SEC allowed fund industry heavyweights BlackRock, Invesco and Fidelity to compete with smaller rivals including Valkyrie to begin trading.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.