The world’s largest Cryptocurrency Bitcoin (BTC) registered remarkable winnings in recent months. BTC’s increase in addition to the $ 100,000 brand is supported by several factors. This includes Donald Trump’s raised attitude on the king coin as well as the halving, which occurred in April 2024. BTC undergoes halving once every four years. This process involves lowering the generation rate for new bitcoins by 50%. As fewer bitcoins enter the market as a result of halving, the price may rise if demand remains the same or rises.
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A look at Bitcoin’s price today
Bitcoin currently trading 22.36% during its highest time. The king’s coin reached a top of $ 109,114.88 back in January. At the time of writing, the world’s largest Cryptocurrency traded to $ 84,758.96. This comes after an increase of 1.45% over the past 24 hours.
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With the current price of bitcoin to $ 84,684.49 if an investor had invested $ 5,000 in Cryptocurrency during its latest halving in April 2024, when it sold to approximately $ 64,262, the investment would be worth approximately $ 6,591.79 today. Although this may not seem like much, the investment has grown by over 31%.
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