Yesterday, the major cryptocurrency started another bull run, breaking many records throughout the year. Bitcoin first broke its 2024 high above $53,000, then set several new highs for the year, reaching around $57,000.

At the time of writing this note, there has been a slight correction and Bitcoin is trading around $56,000. Speculators largely fix profits, so if there are more sellers than buyers the rate may fall. It is worth adding that the Bitcoin price last exceeded the $ 54,000 limit in December 2021.

Bitcoin is a decentralized cryptocurrency system based on blockchain technology, where each participant can mine (publish) new blocks. This concept was first published in November 2008 under the pseudonym Satoshi Nakamoto. The popularity of Bitcoin has increased significantly in recent years, and by now most bitcoins have already been mined.