🔥🔥🔥 #Bitcoin Is Mooning: Here Are BTC’s Biggest Single-Day Price Gains in History
Bitcoin's price surge continues unabated, fueled by optimism surrounding spot #BitcoinETFs in the rearview and the upcoming halving scheduled for April. The renewed euphoria reached its peak as Bitcoin soared to $64,000 on Wednesday.
"Fourth Bitcoin bull market, and this all feels very different," remarked prominent Bitcoin podcast host Peter McCormack on Twitter. While $64,000 is undeniably impressive, the notoriously volatile digital asset has experienced even more significant single-day gains in the past. Here are the top five biggest single-day gains in Bitcoin’s history, according to CoinMarketCap.
April 2013: Bitcoin witnessed a remarkable 42% surge on April 12, 2013, rallying from a low of $98.20 to a high of $150.85, following a prior decline from a monthly peak of $232.11.
November 2013: Bitcoin surged by another 42% on November 18, 2013, leaping from a low of $494.94 to an astounding $712.76. This bullish momentum reflected the increasing real-world interest in Bitcoin, as the first Bitcoin ATMs began to roll out worldwide.
December 2017: Bitcoin experienced a notable 27% rise from $14,057 to $17,899 at the end of 2017, marking its highest all-time high at the time. This surge was propelled by the launch of Bitcoin futures trading on both the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME), providing institutional investors with exposure to Bitcoin.
Bitcoin is nearing its all-time high of $69,000, with sentiment remaining extremely positive, as reflected by an 80 or Extreme Greed rating on the Crypto Fear & Greed Index. Speculators anticipate a significant price surge post-halving, with Skybridge co-founder Anthony Scaramucci suggesting a potential quadrupling in Bitcoin's price. Additionally, the acquisition of Bitcoin by financial institutions for Bitcoin ETFs, such as #BlackRock ’s iShares Bitcoin Trust and Grayscale Bitcoin Trust, further fuels the excitement.
Source - decrypt.co
