Bitcoin in US dollars over time, reflecting a significant level of volatility within the market. Despite this turbulence, there has been an overall upward trend in Bitcoin’s value over the past year. As of February 21, 2024, the price of Bitcoin stands at $50,954.46, marking a slight decrease from its recent high of $52,111.17 on February 19, 2024. This recent price decline could be attributed to various factors, including tighter regulations imposed on cryptocurrency exchanges, a crackdown on Bitcoin mining operations in China, and growing concerns surrounding the environmental impact associated with Bitcoin mining practices.”
Source (CNBC)
