According to data from analysis company Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, increased by 6.4 percent in 24 hours, exceeding $ 2 trillion 130 billion.

5 altcoins at risk of being removed from Binance! 5 altcoins at risk of being removed from Binance!

The price of Bitcoin, the largest cryptocurrency, has gained more than 9.3 percent in the last 24 hours as investments in spot Bitcoin ETFs continued to rise.

Expectations that major central banks will start to cut interest rates this year and move towards a more supportive monetary policy also support the increase in Bitcoin.

Bitcoin, trading at $ 56,300 today, reached its highest value since December 2021.

Bitcoin's weekly value gain also exceeded 8.4 percent.

Bitcoin has gained more than 100 percent since October 2023, but is still far from its record high of $ 68,990 in December 2021.Bitcoin's price appreciated by about 157 percent last year.

Analysts point out that the upward momentum in the price of cryptocurrency may continue due to the halving process that will take place in April and reduce the supply of new Bitcoin.

Bitcoin's price reached a record high in December 2021 after the last halving in May 2020.  

Ethereum, which ranks 2nd in terms of market capitalization, has also gained 4.1 percent in the last 24 hours, reaching $ 3,230. 

Ethereum also broke a record by rising above 4 thousand dollars in 2021.

The US Securities and Exchange Commission (SEC) approved 11 different spot Bitcoin ETF applications on January 11.