Bitcoin passes $24k for 2nd time in February

Bitcoin (BTC) has surpassed $24,100 for the 2nd clip this month.

As of 10:00 p.m. UTC connected Feb. 15, Bitcoin was valued astatine $24,103. That terms means that the cryptocurrency present has a marketplace headdress supra $465 billion.

The asset’s terms concisely reached this level during another rally earlier this month. On Feb. 1 and connected the pursuing morning, it was valued adjacent to its existent price.

Apart from those little gains, Bitcoin has not seen its existent marketplace worth since August 2022. As such, prices this period correspond a six-month high.

Though determination has been small affirmative quality today, a deficiency of atrocious quality whitethorn person helped Bitcoin summation value. Specifically, an lack of regulatory crackdowns contiguous whitethorn beryllium to recognition for the asset’s gains. Though regulators took enactment against Kraken and Paxos implicit the past week, determination were nary high-profile actions against the crypto assemblage today.

In presumption of percent-based gains, Bitcoin’s terms roseate 8.4% implicit the past 24 hours. Its main competitor, Ethereum (ETH), saw somewhat smaller gains of 6.9% today.

Other cryptocurrencies successful the “Top 10” class performed similarly. Binance’s BNB token (BNB) was up 5.9%, Ripple’s XRP token (XRP) was up 5.3%, Cardano (ADA) was up 4.1%, Dogecoin (DOGE) was up 5.6%, and Polygon (MATIC) was up 4.5%.

The station Bitcoin passes $24k for 2nd clip successful February appeared archetypal connected CryptoSlate.