Bitcoin Surged Past $40,000

Bitcoin started 2023 at about $16,600 and today traded above $40,000. It has traded over $42000 and on Monday is at $41,500.

Most of the year, Bitcoin traded between $20,000 and $31,000.

Bitcoin was over $61,000 in October, 2021. Bitcoin’s all-time high price was $68,789.63. This price was reached on November 8, 2021.

Bitcoin bulls are predicting Bitcoin will surge pats $100,000 in 2024.

Standard Chartered last week which reiterated an April price call that bitcoin would hit $100,000 by end of 2024. The bank said this will be driven by the approvals of numerous ETFs.

Matrixport projected bitcoin would reach $63,140 by April 2024 and $125,000 by the end of next year.