Bitcoin Rockets to $57,000, a milestone not seen in over two years

Bitcoin's price has undergone a dramatic turnaround, breaking free from the low volatility it had maintained between February 15 and 25. Surging to $57,000, Bitcoin reached a milestone not seen in over two years, specifically hitting $57,073 on Binance, one of the world's leading exchanges. This surge follows closely on the heels of the conclusion of the Nvidia frenzy, marked by earnings released on February 21.

Marking a significant uptick, Bitcoin has soared to a new yearly high, reflecting the enduring strength of the bull run initiated in 2023. With Tuesday's nearly 5% increase and Monday's 5% surge, this remarkable ascent underscores the ongoing momentum, showing no signs of abating.