Thu 15 Feb 2024 ▪
6 min read
▪
by
Luc Jose A.
Exactly one year ago, the price of bitcoin (BTC) was around $20,000. Throughout the year 2023, the flagship cryptocurrency made headlines for its remarkable dynamism despite the ups and downs. Today, the asset is valued at over $50,000. A level it had not reached since December 2021. The surge of BTC to reach this level is from this point of view a major event for the crypto industry, whose resurgence in 2024 has been announced by a panel of experts. But how can we reasonably explain that in the space of a week, BTC has increased its valuation by 19% to currently trade around $51,600? This article will provide you with some answers.