Bitcoin Exceeds $57,000: Why is Bitcoin Rising?

Bitcoin increased by 6% during US transaction hours, while spot ETFs recorded record volumes on Monday. Ethereum surpassed 3,200 dollars.

Bitcoin price for the first time since December 2021, saw over 57,000 dollars in transactions occurring in Asia in the early hours of Tuesday. Ethereum found buyers over $3,200.

Currently, Bitcoin has fallen slightly to $56,500, recording more than 9% increase in the last 24 hours. The rally started Monday morning in the US and Bitcoin surpassed $53,000 for the first time since November 2021. The price later rose above $54,000 later in the day. In the US evening/early Asian morning, Bitcoin quickly became active again and surpassed the levels of $55,000, $56,000 and $57,000 within a few minutes.

World Bitcoin Investments: Broke Record by Exceeding 1 Million!!

According to Bloomberg, the group (excluding Grayscale’s GBTC) executed a record $2.4 billion in transaction volume on Monday.

Bitcoin’s price has increased over 30% since the beginning of the year.

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