The last time bitcoin traded above $60,000 was in November 2021 — shortly after it hit its all-time high.
According to CoinMarketCap, the flagship cryptocurrency is up more than 13% on a weekly basis and 37% over the past month. Currently, bitcoin is trading at $60,250 — for the first time since November 2021 (since then, it has fallen by 67%) to the macro-minimum level of $19,297 in early April 2022).
As noted by Cointelegraph, the total capitalization of the cryptocurrency market has increased by 2.85% over the past 24 hours to $2.19 trillion.
On February 27, the industry regained its market capitalization of $2 trillion when the value of bitcoin exceeded $57 thousand, supported by the Bitcoin ETFs and improved sentiment among crypto investors.
According to Mikkel Morch, founder of ARK36, a digital asset investment fund, we may see a new all-time high for both bitcoin and ether in the next few weeks.