Bitcoin (BTC) hits a 6-month high of $25,000 despite increasing macroeconomic and regulatory headwinds.
has reached a new 2023 high of $25,000. The milestone comes after a surge in Bitcoin's price over much of January.
The last time Bitcoin’s price was around $25,000 was near mid-June 2022 on its way down to between $19,000 and $21,000, where it had hovered for several months,The price of BTC has increased double digits over the last 24 hours to reach the $25,000 milestone.which saw it drop to a 2022 low of $15,742 on Nov. 10. 2022.between Jan. 4-17.
That daily green candle streak was its second longest in the cryptocurrency’s 14-year history — having fallen one day short of its 15-day record in November 2013.While BTC has had an impressive start to 2023, it is still down 63% from its all time-high of $69,044, which was reached on Nov. 10, 2021.The Bitcoin bull believes actions from the U.S. Federal Reserve will likely impose “considerable danger ahead” for BTC in the second half of 2023.Speaking at a Bank of America conference on Feb.
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