Bitcoin (BTC) has surpassed $24,100 for the second time this month.
As of 10:00 p.m. UTC on Feb. 15, Bitcoin was valued at $24,103. That worth signifies that the cryptocurrency now has a market cap above $465 billion.
The asset’s worth briefly reached this stage throughout one other rally earlier this month. On Feb. 1 and on the next morning, it was valued near its present worth.
Other than these temporary features, Bitcoin has not seen its present market worth since August 2022. As such, costs this month signify a six-month excessive.
Although there was little optimistic information in the present day, an absence of unhealthy information could have helped Bitcoin acquire worth. Particularly, an absence of regulatory crackdowns in the present day could also be to credit score for the asset’s features. Although regulators took motion in opposition to Kraken and Paxos over the previous week, there have been no high-profile actions in opposition to the crypto sector in the present day.
When it comes to percent-based features, Bitcoin’s worth rose 8.4% over the previous 24 hours. Its important competitor, Ethereum (ETH), noticed barely smaller features of 6.9% in the present day.
Different cryptocurrencies within the “High 10” class carried out equally. 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%.