Bitcoin surge above $46k

Bitcoin experienced a price spike today ending yesterday's consolidation phase, Bitcoin soared to the current price of $46,808.64, up 7.40%.

Bitcoin's market capitalization is currently recorded at $917.19B according to Coinmarketcap data. Analysts say the surge in Bitcoin prices is because Banks will print money soon and the Bitcoin Halving is approaching which is an important momentum for Bitcoin. Some investors believe Bitcoin could reach $67k in the near future.

In the current countdown based on Coinmarketcap, it will occur around April 2024, which will reduce the mining reward from 6.25 Bitcoins per block to 3.125 Bitcoins per block.

Now BTCUSD appears to be moving in consolidation in the H1 timeframe on the FXOpen Ticktrader chart.

Bitcoin trading volume on exchanges is currently ranked first by Binance in the BTC/USDT pair with a 24-hour volume of $3,460,730,978

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