Bitcoin made a big comeback to start 2024. Will it hit $100,000?

The primary half of 2024 noticed probably the most risky asset class, cryptocurrency, expertise a comeback-worthy story after going via its most susceptible state.

In January 2023, Bitcoin hovered round $16,000. A yr later it skyrocketed to $40,000. Bitcoin reached a peak of $73,000 this March and now sits at about $61,000.

The spectacular trajectory — rising from the ashes and hovering to new heights — has caused a big transformation within the picture and notion of cryptocurrency. The paradigm shift is owed to the market, the legal convictions of corrupt crypto billionaires, and its newfound relevance in politics.

Let’s take a second to look again at how far cryptocurrency has come this yr — and what may come subsequent.