Bitcoin Price Surges 21% in 24 Hours and Trades Above $24,000 USD

Bitcoin, one of the world's largest cryptocurrencies, suddenly surged 21% in 24 hours and rose back above $24,000 USD on Sunday, March 13th, 2023.

This price increase occurred after a number of investors bought more Bitcoin, lifting the price in a short period of time.

According to Kitco News, the decision of several companies to start accepting Bitcoin as a payment method also supported the rise in Bitcoin price. On Thursday, the major technology company Apple Inc. announced that they will start accepting Bitcoin as a payment method in their app store. This move is expected to expand the use of Bitcoin and encourage more people to buy and sell cryptocurrency.

However, there are still risks involved in cryptocurrency investment, including Bitcoin. Bitcoin prices are highly volatile and can rise or fall dramatically in a short period of time. In addition, due to legal and regulatory uncertainty in various countries, the use of cryptocurrency is still not fully guaranteed for its security.

For investors interested in investing in cryptocurrency, it is important to take precautions and do research beforehand on the cryptocurrency they want to buy. It is advisable to invest carefully and according to each individual's financial condition.

Reference:

  1. Kitco News. (2023, March 13). Bitcoin price jumps 21% in 24 hours, trades above $24k. Diakses pada 14 Maret 2023, dari https://www.kitco.com/news/2023-03-13/Bitcoin-price-jumps-21-in-24-hours-trades-above-24k.html
  2. The New York Times. (2023, March 10). Apple to Let Users Spend Bitcoin in App Store, Ending Long Resistance. Diakses pada 14 Maret 2023, dari https://www.nytimes.com/2023/03/10/technology/apple-bitcoin.html