Posted 2/26/2024, 5:13:51 PM
Bitcoin Surges Past $53K for First Time Since 2021 as Crypto Market Picks Up Steam
- Bitcoin price surged above $53,000 on Monday for the first time since late 2021
- The price jump comes after Bitcoin floated between $51k-$52k for almost 2 weeks
- Bitcoin is up nearly 4% on the day and 27% over the last 30 days
- The next Bitcoin "halving" is expected to happen around April 2024, which will reduce the supply inflation
- Other major cryptocurrencies like Ethereum and Solana also saw gains around 4% in tandem with Bitcoin's rise