Bitcoin passes $24k for 2nd time in February

Bitcoin (BTC) has surpassed $24,100 for the second time this month.

As of 10:00 p.m. UTC on Feb. 15, Bitcoin was valued at $24,103. That value implies that the cryptocurrency now has a market cap above $465 billion.

The asset’s value briefly reached this stage throughout one other rally earlier this month. On Feb. 1 and on the next morning, it was valued near its present value.

Other than these transient positive factors, Bitcoin has not seen its present market worth since August 2022. As such, costs this month characterize a six-month excessive.

Although there was little constructive information as we speak, an absence of unhealthy information could have helped Bitcoin acquire worth. Particularly, an absence of regulatory crackdowns as we speak could also be to credit score for the asset’s positive factors. Although regulators took motion in opposition to Kraken and Paxos over the previous week, there have been no high-profile actions in opposition to the crypto sector as we speak.

By way of percent-based positive factors, Bitcoin’s value rose 8.4% over the previous 24 hours. Its important competitor, Ethereum (ETH), noticed barely smaller positive factors of 6.9% as we speak.

Different cryptocurrencies within the “High 10” class carried out equally. Binance’s BNB token (BNB) was up 5.9%, Ripple’s XRP token (XRP) was up 5.3%, Cardano (ADA) was up 4.1%, Dogecoin (DOGE) was up 5.6%, and Polygon (MATIC) was up 4.5%.