Bitcoin Breaks $ 54,000 Barrier for First Time Since 2021,

Eyes Historic Highs Ahead of Halving EventThe price of bitcoin has risen past the $ 54,000 threshold, now hovering at $ 54,446 per unit as of Monday, Feb. 26, 2024, at 2:37 p.m. Eastern Time (ET). This leading crypto asset has witnessed a growth of 4.5% in the last six hours, and over the previous month, bitcoin’s value has soared by 28.3% against the U.S. dollar.

Bitcoin Revisits $ 54K Territory, Gains Momentum Ahead of 2024 Halving

For the first time since 2021, Bitcoin’s (BTC) has breached the $ 54,000 mark, reaching a peak of $ 54,564 at 2:28 p.m. on Monday. With its current price, bitcoin’s market capitalization is smoothly sailing at $ 1.06 trillion, accounting for 51.2% of the $ 2.06 trillion total crypto economy. Now ranked as the world’s tenth largest asset by market capitalization, BTC is slightly below Meta’s total valuation of $ 1.23 trillion.

As of 8 a.m., bitcoin’s trading volume stood at $ 14.57 billion, which has escalated to $ 24.59 billion by mid-afternoon. Bitcoin’s trading volume constitutes 32.32% of the $ 76.06 billion total 24-hour trading volume across the crypto market on Monday. A detailed look at a four-h