Bitcoin (BTC), the world’s largest cryptocurrency, proved its stature with its notable price surge over the past couple of months. The king coin went from trading at a low of $49,121.24 earlier this year all the way to its peak of $109,114.88. This monumental rise of BTC caught the eye of the entire globe. Several nations came forward to support the asset, while a few others were pocketing the king coin. Amidst this, the volatile waves of the industry pushed BTC down below the $100,000 mark. As the asset struggles today, several in the community were viewing it as a good opportunity to buy the dip and prepare for when Bitcoin reclaims its peak.

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How High Is Bitcoin Faring Today?

At the time of writing, the world’s first cryptocurrency was trading at $88,212.82. Bitcoin managed to record a 0.79% rise in its price over the past 24 hours. The asset went on to surge to a daily peak of $88,821.47. At its current price, Bitcoin is 18% below its all-time high.

While it is not certain when BTC will reclaim its week, a wide range of investors were seen prepping for this rise. According to reports, the Bitcoin market has been witnessing increased whale activity. Even though old whales are pertinent to BTC’s overall growth, the advent of new whales has caught the eye of the community.

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Is $1,500 A Good Investment?

If Bitcoin reaches its all-time high of $109,114, an investor who invested $1,500 at its current price of $88,189.78 would have made almost $1,855.90. This indicates a possible return on their initial investment of about 23.7%. Even if Bitcoin is trading close to record highs, this return shows the possibility for further growth, even though it may not seem like much in comparison to previous rallies. Long-term investors who anticipate the cryptocurrency’s future development may see a rebound to its previous highs as the start of a larger bull run.

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