Bitcoin (BTC) price has broken through the $25,000 milestone to set a new yearly high, with its market value soaring to dizzying heights.
The pioneer crypto has seen a dramatic surge in demand over the past few weeks, with some investors flocking to buy it and others hoping to buy at a lower price.
The latest surge comes as institutional investors pour money into Bitcoin, adding to the buying frenzy and driving up its value even further. The move has also been driven by a wave of positive sentiment around the crypto market, with many experts predicting BTC price could go even higher in the coming months.
Bitcoin price increase has also had a knock-on effect on other cryptos, with many of them also seeing huge gains in value.
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.