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Bitcoin would have reached US$52,298.58, according to CoinMarketCap data, however, in the latest update it dropped to 51, 953.10 during the afternoon.
For the cryptocurrency 2024 got off to a good start, as, on january 2, bitcoin hit US$45,000. The good run continued until January 11, when the currency surpassed US$48,000, as a direct effect of the approval of the bitcoin exchange-traded fund (ETF) in the United States.
This currency has had a growth of 17.29% in the last seven days and 3.60% in the last 24 hours. With this new quotation, it surpasses the maximum reached on january 10.
The market is responding to the approaching "halving", an event that occurs every four years and halves the rewards for miners, which means that there are fewer new bitcoins in circulation and coins become more expensive. This year it is expected to come up in april or may.
Translated by: A.M