Bitcoin's price at its highest level since May 2022

Ferrari is expanding its cryptocurrency payment system to Europe!

According to data from analysis company Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, increased by about 3.20 percent in 24 hours, exceeding $ 1 trillion 380 billion.

The price of Bitcoin, the largest cryptocurrency, has risen by more than 4 percent in the last 24 hours, driven by repeated speculation that major players in the financial sector want to increase their participation in the field of cryptocurrencies.

Thus, Bitcoin, which approached 37 thousand dollars, reached its highest level since May 2022.

Bitcoin is trading at $ 36,843 as of 13.30 TSI.

Bitcoin, which was at an all-time high of $ 68,990 in November 2021, has lost about 47 percent since that date.

Analysts stated that speculation that the US Securities and Exchange Commission (SEC) will approve the Bitcoin spot ETF (exchange-traded fund) has increased demand for the crypto sector by professional investors.

Analysts see the introduction of a Bitcoin spot ETF as an important step towards greater distribution and acceptance of the digital currency.

Blackrock, the world's largest asset management company, as well as VanEck, WisdomTree (WT.N), Fidelity, Bitwise and Invesco have applied to the SEC for a Bitcoin spot ETF.

Analysts also noted that recent geopolitical tensions have increased demand for scarce assets, including both physical gold and bitcoin, which many investors see as digital gold.

On the other hand, Ethereum, which ranks second in terms of market capitalization, has gained more than 1.59 percent in the last 24 hours to $ 1913.