Crypto coins
For the first time since 2021, a bitcoin is worth more than $50,000. It marks the remarkable comeback of the largest digital currency after a series of scandals and bankruptcies.
Bitcoin, the largest cryptocurrency, has exceeded the 50,000 dollar mark (46,000 euros) for the first time since December 2021. Since the beginning of last year, the value of the cryptocurrency has tripled, but it has not yet reached its peak in November 2021, when a bitcoin was worth $ 69,000 – after which the coin fell sharply. The price also suffered from the bankruptcy of large trading platforms, such as FTX of Sam Bankman-Fried.
The recent increase has more than one reason. But proponents of the cryptocurrency recently achieved a nice victory after the American stock exchange watchdog gave its approval to stock market trackers that follow the coin. This has made it easier for traditional and large stock exchange funds to invest in crypto coins.
The prospects for the so-called “halving” of bitcoin, which would take place sometime in mid-April, are also driving the price. This would halve the compensation “miners” receive for verifying transactions (by using powerful computers to perform a series of difficult calculations), thereby creating new bitcoins. This halving takes place every four years and puts a brake on the growth of new bitcoins, limiting the supply and – or so investors expect – the price will rise. (K the)
