When the community celebrated Bitcoin’s journey back above $60,000, volatility hit the market. Over the past seven days, the king coin surged by 3.11% and reached close to a high of nearly $65,000. At press time, however, BTC was down by 2.27% over the last 24 hours and was trading at $62,406.35.
Also Read: Top 3 Cryptocurrencies To Watch In September That Are Under $1
Bitcoin’s Market Performance and Wealth Growth
Several analysts have been suggesting that BTC could move beyond the $70,000 mark. The asset hit an all-time high of $73,750 about five months ago, and several believe that the world’s largest cryptocurrency will soon move beyond this level. It is most likely that BTC will reclaim its peak and create a new high.
Crypto Wealth Report 2024
Amidst this, the Crypto Wealth Report 2024 revealed that the number of people with cryptocurrency assets totalling over $1 million has increased by 95%. The rise in cryptocurrency wealth is not limited to millionaires alone, as the number of crypto millionaires has increased by 79% to 325.
The elite crypto billionaires’ club has grown by 27% with 27 members. Furthermore, with holdings above $100 million, the number of Bitcoin centi-millionaires has increased by 100% to 156. Bitcoin billionaires, on the other hand, have seen an 83% increase, which boosts the total to 11.
Also Read: Is Bitcoin Headed for a Drop? The Ripple Effect of Fed’s Moves
Bitcoin in September 2024
According to data from Changelly, Bitcoin is slated to record a new all-time high on September 1, 2024. The king coin will surge to a high of $75,264.
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This marks an 18.71% rise from its current price levels. This isn’t all; the asset will mostly be bullish in September.
