Bitcoin surpassed $54 thousand today. The number one cryptocurrency by market value reached $54,910. Bitcoin last reached this level on December, 2021.

On the way to repeat the series in 2020-21

The cryptocurrency, which opened February at $42,580, has gained 26 percent since then. If the price does not fall below $42,580 in the remaining three days, a 6-month bullish series will be captured. Such an upward series was last experienced in the 2020-21 bull season.

ETF investments continue, halving, MicroStrategy continues to purchase

Investments in halving and ETFs are thought to be behind the price increase. As it is known, the fourth halving of Bitcoin, which takes place every four years, will take place in April. On the other hand, the US-based company MicroStrategy continues its purchases. The company announced that it bought 3,000 BTC today and its Bitcoin assets reached 193,000 BTC.

Other cryptocurrencies also followed the rise of Bitcoin. Ether, the second largest cryptocurrency by market value, reached up to 3 thousand 166 dollars. The total value of the cryptocurrency market was 2 trillion 60 million dollars.