Bitcoin value reached its highest level in 21 months

World

On the night of 8-9 January, the value of bitcoin reached its highest level in 21 months at $47,000.

Bitcoin value reached its highest level in 21 months
According to Bloomberg, bitcoin rose in value above $47,000 on the afternoon of 8 January for the first time since April 2022. The first and largest cryptocurrency by capitalisation rose 6.2% during the day to $47,007 per token, the biggest gain in a single trading day since November 15, 2023.

Bitcoin accounts for just over half of cryptocurrencies' $1.7 trillion market capitalisation, with the token hitting a record high of $69,000 in November 2021. Bitcoin rose in value by 176.9 per cent in 2023, according to data from CoinGecko.

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