The cryptocurrency market is experiencing a resurgence, with Bitcoin dominating the charts this week with a value increase of almost 10%. Bitcoin’s price has risen beyond $24,000, reaching its highest since August last year.
This week, the price of Bitcoin surpassed $24,000, reaching its highest level since August of last year. The price of Bitcoin on Thursday had increased by more than $2,000 over the previous two days to $24,620. From the year’s low of $16,496 on January 1, bitcoin had increased by more than 46%. On February 15, ether rose by 6.91% to $1,664.1.
The biggest and most well-known cryptocurrency in the world, Bitcoin, has increased by more than 46% since January 1, when it hit a low of $16,496 for the year.
The price of Ether, the cryptocurrency connected to the Ethereum blockchain network, increased by $107.5 to $1,664.1 on February 15.
On February 15, prices of cryptocurrencies with dog themes rose due to a post from Twitter CEO Elon Musk that featured a dog sitting in the position of the company’s CEO
Musk, the multi billionaire CEO of Tesla and SpaceX, is renowned for using his tweets to influence the cryptocurrency market.
Shortly after Musk posted the picture of his dog sitting at a desk in a Silicon Valley-style black turtleneck and writing, “The new CEO of Twitter is amazing,” dog-themed cryptocurrencies like Dogecoin, Floki, and Shiba Inu saw huge rises.
The satirical cryptocurrency Dogecoin rose more than 5% in just 15 minutes, as its market capitalization soared by nearly $500 million to surpass $11.5 billion.
