The price of bitcoin has surpassed the $66 thousand mark, for the first time since November 2021, when a record high of about $69 thousand was set. Since the beginning of 2024, the value of this cryptocurrency has increased by more than 50%, according to Reuters. A particular increase has been observed in recent weeks, associated with the intensification of trading on bitcoin ETFs after their launch was approved by the U.S. Securities and Exchange Commission.

Dmitry Machikhin, founder of the BitOK platform for accounting and analysis of cryptocurrencies, suggests a possible early update of the historical maximum of the bitcoin price, pointing to the onset of a bull market and increased investor interest. He notes that in the past cycles preceding halving (the event of halving the reward for mining), the price of bitcoin increased, followed by a correction. Taking into account the approaching halving, a slight cooling of the market is expected, but in general, the trend for the next six months suggests significant growth and the possibility of reaching new highs. Machikhin also notes the role of bitcoin as a legitimate investment vehicle in light of the adoption of ETFs in the United States, which may contribute to further growth in its value.

In November, the bitcoin exchange rate was at about $ 35 thousand, which is half the current figures, and at the beginning of 2024 its value was about $ 40 thousand. Nikita Zuborev, Senior Analyst Bestchange.ru , suggests that over the next six months, the price of bitcoin may return to the $40 thousand mark. He attributes the current growth to the activity of funds buying bitcoin in large volumes and investor expectations related to the upcoming halving. Zuborev foresees a possible price correction to $40-50 thousand after a long period of growth.