The Bitcoin price for the last year in US dollars is displayed in the chart that you forwarded to me. Although the price has fluctuated, 2024 has begun with a bang as it increased 1.3% to $44,690 today. This remains significantly lower than its peak of more than $68,000, which was attained in November of 2021. It does, however, indicate that Bitcoin might be returning to growth following a difficult 2023.
Numerous causes could be responsible for the current surge in Bitcoin’s price. One explanation for this could be because investors are beginning to feel more optimistic about the state of the world economy, which is pushing them to take on greater risk. Another explanation is that the US dollar’s recent decrease in value.
Source (CNBC)
