{"id":196566,"date":"2023-12-03T23:39:09","date_gmt":"2023-12-03T23:39:09","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196566"},"modified":"2023-12-03T23:39:09","modified_gmt":"2023-12-03T23:39:09","slug":"bitcoin-tops-40k-for-first-time-in-19-months-matrixport-tips-125k-in-2024","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/bitcoin-tops-40k-for-first-time-in-19-months-matrixport-tips-125k-in-2024\/","title":{"rendered":"Bitcoin tops $40K for first time in 19 months, Matrixport tips $125K in 2024"},"content":{"rendered":"<p>Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing around 2% in 24 hours.<\/p>\n<p>Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3 to hit a 19-month high, according to CoinGecko data.<\/p>\n<p>It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. It&#8217;s down around 42% from its Nov. 10, 2021, all-time high of over $69,000.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-12\/8ffb6d71-66cc-4c75-bece-029e7a595343.PNG\"\/><\/p>\n<p>In a Nov. 30 note, Matrixport predicted that Bitcoin would hit over $60,000 by April next year and $125,000 by the end of 2024.<\/p>\n<p>\u201cThe years when Bitcoin mining rewards were halved were generally bullish,\u201d Matrixport explained. Bitcoin is expected to again halve \u2014 when mining rewards are cut by 50% \u2014 in mid-April 2024.<\/p>\n<p>&#8220;As miners tended to hoard Bitcoins before each halving, prices increased by +200%, which would project Bitcoin reaching $125,000,&#8221; Matrixport said.<\/p>\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-40000-first-time-since-april-2022-matrixport-eyes-2024\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing&#8230;<\/p>\n","protected":false},"author":4,"featured_media":196565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin tops $40K for first time in 19 months, Matrixport tips $125K in 2024 - 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