The value of the cryptocurrency has more than tripled since the beginning of last year, as it returned from a 64% decline in November 2022 after reaching the level of $ 15,800 per currency, and this period was dominated by many cryptocurrency industry scandals and bankruptcies that raised questions and doubts about digital assets and the extent of its usefulness. Many analysts expected that it was a bubble and its time had ended, but with the beginning of this year and the currency exceeded the level of 48,000 dollars, attention began to turn towards it again, and the volume of demand for Bitcoin grew after the US authorities allowed companies to invest the money of their depositors and customers in Bitcoin, which made companies look at Bitcoin as digital gold, which increased the requests of these companies to acquire it, which supported the continued rise in Bitcoin prices. 

With the growth of newly issued US ETF orders, the demand for Bitcoin rose to 2,800 Bitcoin per day, with daily production stable at 900 Bitcoin per day through cryptocurrency mining, which led to a rise in the price of Bitcoin and its arrival to record levels, as it is currently trading at $ 73,000, which is its highest level ever, after breaching the level of $ 68,000. The price of Bitcoin is expected to continue to rise as the volume of demand and supply stability, which is known economically as scarcity, and also with the mining reward splitting expected during April this year, which will reduce the volume of Bitcoin supply.

Looking at the previous chart, we find that the bullish trend continues strongly and after breaching the 68,000 level, which was the historic high of Bitcoin, the bullish trend is expected to continue, targeting the levels of 80,000 and then 95,000.

Looking at the index of Bitcoin's acquisition of the market value of the total cryptocurrency market, we find that the percentage of Bitcoin's acquisition of the market value of the cryptocurrency market has risen to more than 50% after it was at 40% levels at the end of last year and the beginning of this year, after the market value of the cryptocurrency market rose to $ 2.75 trillion and the market value of Bitcoin alone reached $ 1.44 trillion, which supports the continued rise in the prices of digital currencies and Bitcoin.