2024-02-09 21:10:50
Photo: Yonhap News The price of virtual currency Bitcoin continues to rise.
On Coinbase, an American virtual currency exchange, the price per Bitcoin was $47,282 as of 11:40 a.m. Eastern time on the 9th (local time).
This is a 4.59% increase from the previous day, and it is the first time in regarding a month since the 11th of last month that the price of Bitcoin exceeded $47,000.
The analysis is that Bitcoin’s price is like this due to expectations regarding the halving expected in April.
Bitcoin’s mining volume has a halving period where it is reduced by half every four years, and the price has soared in each of the three halvings since its issuance.
In addition, experts analyzed the inflow of funds into ETFs, low interest rates, falling inflation, and profit growth as the background for the strong Bitcoin price.
#bitcoin #virtual currency #halving #mining
@ KWANGJU BROADCASTING COMPANY. all rights reserved.
1707513863
#Bitcoin #price #continues #rise…recovers
