As the conundrum continues on cryptocurrency, on February 26, 2024, bitcoin (BTC) during early Tuesday morning ( IST) , posted a rise amounting to about $57,000 for the first time since November 2021.
As per several reports the value of bitcoin rose to $56,500, which is over than 9% during the past 24 hours. It is believed that the broader CoinDesk 20 Index (CD20) was ahead 8.9% over the same time frame. Reportedly, Ether gained more than 2% to trade at $3,173.87. Solana added more than 5%, and Cardano’s ADA token advanced about 4%. Polygon’s MATIC token rose 8%.
The United States (US) based spot bitcoin ETFs posted a record-high of $2.4 billion in trading volume on February 26, 2024 (Monday), as per insights from Bloomberg, a media company. It is believed that the rally began Monday morning in the US, with bitcoin taking out $53,000, also for the first time since November 2021. The price rose above $54,000 later in the day. During the US evening/early Asia morning, things took a positive turn with bitcoin reaching from $55,000, $56,000 and to $57,000 levels within a few minutes.