Bitcoin has again risen sharply in value in 2024. The price of the largest crypto coin in the world grew by around 120 percent this year and reached a record value of more than 108,000 dollars on December 17.
2023 was also a good year for crypto investors. The value of digital coins rose by almost 160 percent to around 43,000 dollars.
The rise in 2023 followed a bad 2022, in which Bitcoin fell in value by 65 percent. This was due to the collapse of the central trading platform FTX and other scandals. At the beginning of 2023, bitcoin was only worth 16,600 dollars.
The prospect of the arrival of so-called Bitcoin ETFs, which make the cryptocurrency more accessible to a larger group of investors, led to a strong recovery in 2023. However, the price remained well below the old record of 69,000 dollars from 2021.
Bitcoin continued its rise in the first months of 2024. Introducing the first listed Bitcoin funds in the US drove the price. Due to the strong demand for these funds, Bitcoin managed to surpass the old record of 2021 in early March.
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