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Cryptocurrency Price Today: Most powerful cryptocurrencyCryptocurrency) Bitcoin can make a record high by 2024. Standard Charted said that bitcoin could touch a historic level of one million dollars by the end of 2024. Let us tell you that currently bitcoin is trading around $30,000.
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, said in his note that the recent banking sector crisis, the US Central Bank Federal Reserve’s brakes on raising interest rates, crypto mining Bitcoin will benefit tremendously due to the increasing profits in Crypto Mining. He said that the reasons for volatility will remain, but it is clearly visible that bitcoin can go up to the level of one million dollars by the end of 2024. That is, by 2024, bitcoin can give a return of up to 233 percent from here.
Recently, bitcoin again crossed $ 30,000. This is the first time since June 2022 that bitcoin has crossed the $30,000 mark. The US Central Bank Federal Reserve may put an end to its strict monetary policy stance, in view of this possibility, a rise in the price of bitcoin is being seen. After the Banking Crisis in America, it is being speculated that the Federal Reserve will not increase the interest rates further from here in America, after which the brightness has returned in cryptocurrencies.
In April itself, there has been a jump of 6 percent in the price of bitcoin. In the month of March, there was a rise of 23 percent in bitcoin. However, it is still trading below its record high. In November 2021, bitcoin went up to a record high of $65000. After which the price had slipped below $20,000. Last year, Bitcoin made a low of $16500.
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