News - Bitcoin price rises at beginning of the week

By Luc Vesters

Bitcoin price rises at beginning of the week

Bitcoin (BTC)
Price update
Bull run

Bitcoin ends its early-week breather with a rise of nearly four percent over the past 24 hours, trading at USD 72,006. The cryptocurrency thus continues its bull rally of recent months, growing nearly 150 percent over the year.

In March, Bitcoin broke through the all-time high of USD 69,000 reached in November 2021. The new high is USD 73,835. BTC is only about 3.4 percent away from this value.

At the time of writing, its market capitalization stands at $1.396 billion. Bitcoin has thus overtaken Mark Zuckerberg's Meta Group, but the precious metal silver is still ahead of digital gold.

The entire crypto market is benefiting, with Ethereum growing by five percent, DOGE by a whopping six percent and memecoin Dogwifhat notching 11 percent growth in 24 hours.

The reason for the continued positive sentiment in the crypto market are the Bitcoin Spot ETFs launched in January by BlackRock, Fidelity in the U.S. and Co. The world's largest asset managers are pulling thousands of BTC from the market every day - while only 900 BTC are added by miners.

In fact, the prediction is that this figure will halve from the end of April: the upcoming halving will eventually halve the block grant. Read more about the Bitcoin event of the year and its impact here: Bitcoin Halving 2024

Bitcoin Halving Game

Bitcoin halving is just around the corner. To celebrate, we have developed a Halving Game in which you can halve Bitcoins and earn points. Remember, the more Bitcoins you halve correctly, the more points you collect. But beware! Halving other coins will lower your score. Try to score as many points as possible within 60 seconds. The players with the highest scores on the scoreboard will have a chance to win Bitcoin and gaming-related prizes. Play now and win!

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