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$71,267.00
7.38%$3,685.59
19.67%$7.60
9.40%$604.79
5.38%$187.13
9.85%$3,680.70
19.59%$0.998572
-0.17%$0.539713
5.67%$0.165522
10.68%$6.57
4.64%$0.507449
8.46%$40.65
13.66%$0.00002593
8.69%$71,254.00
7.35%$0.124222
2.48%$521.68
7.60%$17.30
4.58%$8.26
6.13%$9.32
21.18%$0.755891
10.35%$89.16
7.82%$13.70
8.49%$2.44
10.59%$5.97
1.29%$32.24
15.76%$0.00001118
21.57%$3,821.10
19.51%$0.117658
5.79%$10.82
7.97%$9.11
11.92%$2.58
15.14%$3,614.82
19.06%$1.001
-0.03%$9.00
9.68%$6.27
12.37%$0.128132
5.16%$1.019
8.06%$0.345124
13.64%$0.113286
7.16%$2.93
19.50%$2.17
11.23%$47.86
-0.85%$51.97
6.22%$0.12898
5.73%$1.15
18.25%$3,162.51
14.32%$2.84
11.60%$407.79
11.17%$1.16
13.15%$0.03731156
9.26%$28.23
16.48%$0.913371
7.13%$0.99811
-0.34%$2.47
13.83%$135.07
0.38%$7.27
9.94%$0.0000316
25.90%$4,072.90
19.59%$0.00021212
10.07%$2.09
21.37%$9.88
12.55%$0.0432903
0.20%$3,774.02
18.89%$0.589115
12.90%$1.26
7.35%$1.88
6.19%$1.14
5.05%$0.189436
8.24%$101.96
7.64%$99.54
16.58%$0.0298839
19.37%$10.06
2.22%$0.957019
10.15%$71.12
9.73%$0.963362
6.30%$5.90
7.26%$1.023
10.85%$0.859206
20.33%$0.00000125
6.50%$2.16
11.64%$0.02862079
5.96%$16.50
11.62%$7.92
11.89%$14.12
9.60%$221.43
9.42%$0.125917
9.34%$41.45
9.30%$19.54
3.10%$5.10
7.88%$0.0211247
-0.12%$0.471079
10.34%$8.17
3.90%$0.0000534
9.26%$0.57479
8.53%$0.02079278
6.27%$0.856718
8.70%$10.28
6.22%$0.9975
9.11%$2.99
16.49%$0.241502
9.48%$3.01
11.72%$2.27
1.85%$0.871159
7.92%$3,668.36
20.19%$3,700.87
19.39%$0.832712
8.86%$43.92
9.60%$5.99
23.28%$355.00
19.80%$1.23
17.33%$0.470818
11.81%$0.01248656
11.93%$220.61
9.35%$0.867297
9.93%$1.31
9.99%$1.44
10.53%$4.77
6.29%$19.87
14.58%$0.23472
14.21%$0.69884
5.86%$0.01698911
11.05%$0.112524
8.35%$3,666.22
19.75%$2.80
8.22%$1.001
0.68%$1.072
11.34%$0.47391
26.11%$12.30
-2.67%$39.84
10.18%$0.188781
7.31%$3,880.06
20.15%$3,930.42
19.39%$21.03
10.02%$1.026
10.77%$0.097284
9.99%$0.399461
12.94%$0.995127
-0.27%$0.00011133
7.03%$0.00000031
7.22%$0.335365
12.66%$2.00
-0.57%$0.760239
8.75%$2.16
11.69%$93.50
15.13%$0.907798
9.17%$2,427.43
0.11%$5.05
8.81%$0.00567053
3.66%$3,981.47
19.28%$2.61
12.68%$0.470284
12.14%$0.556516
5.57%$17.75
23.47%$0.03683169
1.17%$1.52
3.73%$4.47
2.52%$0.095438
8.81%$1.15
16.60%$1.99
10.74%$1.15
11.51%$0.054162
11.76%$0.999843
-0.22%$0.02723982
12.76%$0.337851
9.35%$2.87
12.58%$0.91207
11.92%$0.423356
11.29%$0.574195
5.28%$0.04609263
4.95%$0.00000048
3.10%$0.453044
8.29%$0.04746547
10.12%$1.14
5.64%$4.77
5.33%$0.009256
11.50%$0.232256
10.51%$3,772.00
19.43%$4.00
22.58%$0.053974
29.34%$0.336407
12.66%$0.0248691
9.93%$1.71
10.06%$0.275028
-0.74%$5.40
7.25%$0.03251839
12.78%$2,419.82
0.33%$77.85
30.61%$73.91
19.42%$3.77
10.43%$0.083494
16.44%$4.35
2.31%$0.548409
5.49%$0.00745167
2.65%$0.00240172
11.03%$0.614081
8.32%$20.60
12.51%$1.67
16.44%$60.57
9.74%$0.419345
14.66%$3.90
8.76%$0.00118453
6.73%$3.78
15.43%$0.00718454
5.04%$0.99873
-0.06%$0.544433
4.34%$1,431.33
8.05%$0.257789
9.33%$8.24
8.83%$25.27
8.73%$0.03939092
9.39%$0.821203
4.47%$0.758061
7.49%$4.71
13.32%$9.34
19.66%$0.917096
6.85%$31.30
8.09%$9.98
19.72%$0.03970462
7.26%$0.0296394
6.32%$5.37
7.73%$0.280575
12.37%$0.535869
24.19%$3.60
10.38%$0.924417
8.95%$0.79596
7.37%$21.30
9.86%$47.72
11.17%$32.62
9.79%$0.03315648
4.81%$0.363463
14.76%$34.04
17.36%$0.915041
4.00%$3,846.27
19.93%$122.88
5.24%$0.00405372
7.54%$79.61
17.30%$0.0000008
51.62%$0.00098144
38.14%$0.460965
52.81%$46.45
13.97%$2.67
6.97%$0.375618
14.49%$0.960146
7.04%$0.331105
9.29%$0.381438
11.96%$3.64
4.70%$32.55
12.81%$0.352253
15.85%With the Bitcoin halving less than 25 days away, the number-one cryptocurrency is nearing its all-time high again, breaking $70,000 again after a week-long downturn.
According to CoinGecko, Bitcoin is trading at $70,561, up 9% in the last 24 hours and 5.5% over the last seven days. The last time Bitcoin was above $70,000 was March 14 before the digital asset began to slide and subsequently went on a wild ride consisting of ETF outflows, cryptocurrency exchange flash crashes, and inflation.
Earlier this month, Bitcoin dropped 3% on news that the U.S. inflation rate in February was worse than expected. Last week, a flash crash on the BitMEX cryptocurrency exchange caused the price of BTC to drop 7% from $67,709 to $62,133.
Bitcoin has been riding a wave of euphoria since the U.S. Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs in January. While Bitcoin's return above $70,000 may be a reason for investors to celebrate, it still remains 4.7% from its all-time high of $73,737 set on March 14.
The Bitcoin halving refers to an event approximately every four years when the amount of Bitcoin given as a reward to cryptocurrency miners is cut in half. Speculators hope that the price of Bitcoin will double, if not quadruple, after the halving event.
“I think you can't decouple the new demand for Bitcoin with the announcement of the spot ETFs,” Coinbase Asia-Pacific Managing Director John O’Loghlen told Decrypt late last week. “I think that that's a reality that sunk in and then we need to watch where does it go from here.”
While the sentiment around Bitcoin remains bullish, experts advise caution, especially if looking at past halving performance.
“As you read the fine print or Safe Harbor language on any material coming from an institutional source, the first language seen [is that] past performance is not an indicator for future success or performance,” O’Loghlen said. “So I think that's very much our approach in terms of our branding.”
The rest of the crypto market is rising alongside Bitcoin on Monday, with Ethereum jumping nearly 9% to a current price of $3,630 and Solana up almost 13% to a price above $194.
Edited by Andrew Hayward
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.