Bitcoin is now worth over $34,500 – but will it hold?
https://techcrunch.com/2023/10/25/bitcoin-is-now-worth-over-34500-but-will-it-hold/
The price of bitcoin has always been a closely monitored datapoint in the world of digital currencies given that it’s pretty much the touchstone for cryptocurrencies. And this week, the cryptocurrency’s price shot above $34,500 per token, further cementing its position at the top of the pile.
At the time of publication, one bitcoin was worth around $34,800, up 23.4% on the week and 109% from $16,625 at the beginning of the year, according to CoinMarketCap. On Monday, the cryptocurrency almost reached $35,000, marking its highest price since May 2022, when the Terra/LUNA collapse led to a sharp decline in the value of most digital tokens.