Bitcoin tests $ 44,000 level

Last night, on December 20, the quotes of the flagship cryptocurrency BTC $58,419.93 Bitcoin -2.69% Market capitalization $1.15 trillion VOL. 24 hours $2.97 billion reached the level of $ 44,200.

According to the analytical tracker CoinMarketCap, at the time of writing, bitcoin is trading at $ 43,874. The total number of coins circulating on the market amounted to $ 859 billion, an increase of 2.31%. Traders made daily trading deals worth $ 28.8 billion. Bitcoin’s market share reached 52.3%.

As for the other crypto assets in the top 10, Avalanche (7.8%) and Solana (7%) rose in price over the past day. Anatoliy Yakovenko’s blockchain cryptocurrency managed to overtake XRP and take fifth place in the ranking.

In general, the cryptocurrency industry’s capitalization grew by 1.83% and reached $ 1.64 trillion. The fear and greed index amounted to 74 points.

As a reminder, bitcoin was predicted to reach $ 160,000 in 2024. According to experts, the demand for BTC is expected to increase due to the approval of several bitcoin spot funds (ETFs) in the United States. In addition, halving and growing interest in the broader stock markets amid declining rates are also important. All this will be a catalyst for the growth of the digital currency’s value to $ 50,000 in the short term.