Bitcoin BTC has once again surpassed $60,000, reaching its highest level in more than two year. The coin has rallied amid ongoing bullish sentiment among stockholders, and the surge is driven by institutional adoption via growing mainstream acceptance of the first decentralized cryptocurrency.
As virtual currency BTC crossed the $60,000 threshold, investors are looking at all-time high record.
Bitcoin moved up by 963 percent over the last year and touched $61,044, continuing its rally as major companies and financial institutions adopt cryptocurrencies.
Bitcoin Price 2024
The biggest crypto chain hovers around $60,000 for first time in over 2 years in crypto prices, and the development is touted as a milestone as the coin moves up by 7percent in Wednesday trading.
Overall, BTC gained over 30pc since US regulators approved spot bitcoin exchange-traded funds (ETFs), providing investors with easier and direct access to the currency.
It outpaced major stock indexes such as Coinbase, MicroStrategy, and Marathon Digital, which have also seen rare gains in morning trading.
With latest surge, Bitcoin’s total market capitalization stands around $1.19 trillion on Wednesday. The Bitcoin price has been on a steady upward trend since the start of 2024, nearly doubling in price. It is currently less than $9,000 away from new all-time high.
BitCoin BTC to PKR
| Bitcoin BTC | Pakistani Rupee PKR |
| 1 | 17527304 |
Crypto assets can generate over $100b in Pakistan by next 20 years
