OREANDA-NEWS The growth in the value of bitcoin accelerated on March 25. The value of the cryptocurrency, which rose in price by more than 60 percent in 2024, reached 69 thousand dollars on Monday for the first time since March 18, it follows from these trades.

Last week, the cryptocurrency declined sharply after reaching a historic high of 73.8 thousand dollars. At the time of writing, the value of bitcoin was growing on the Binance exchange by 6.2 percent, to 69.8 thousand dollars.

The reasons for the rally observed at the beginning of the year include uncertainty in the global economy, high demand for bitcoin ETFs (exchange-traded funds that collect securities based on an index, sector, commodity or other asset), as well as the expectation of the so-called halving scheduled for April, which will lead to a decrease in the supply of bitcoin.The growth in the value of bitcoin accelerated on March 25. The value of the cryptocurrency, which rose in price by more than 60 percent in 2024, reached 69 thousand dollars on Monday for the first time since March 18, it follows from these trades.

Last week, the cryptocurrency declined sharply after reaching a historic high of 73.8 thousand dollars. At the time of writing, the value of bitcoin was growing on the Binance exchange by 6.2 percent, to 69.8 thousand dollars.

The reasons for the rally observed at the beginning of the year include uncertainty in the global economy, high demand for bitcoin ETFs (exchange-traded funds that collect securities based on an index, sector, commodity or other asset), as well as the expectation of the so-called halving scheduled for April, which will lead to a decrease in the supply of bitcoin.