Home » Business » The growth of bitcoin is unstoppable, attacking the $ 36,000 mark

The growth of bitcoin is unstoppable, attacking the $ 36,000 mark

Even before the weekend, bitcoin did not even reach the value of 30,000, specifically, one coin sold for $ 29,712 (CZK 643,790) on Friday last week.

Since Saturday, however, despite smaller or larger fluctuations, the most famous cyber change in the world has been steadily strengthening. On Wednesday morning, one virtual coin was trading at $ 35,751 at peak hours, which corresponds to CZK 758,420. This is an absolute record for now.

Development of bitcoin value

Photo: Martin Havelka, News

“The reason for the rise in the price of bitcoin is now mainly mania, which broke out after the cryptocurrency in mid-December 2020 exceeded the psychological limit of $ 20,000 apiece (CZK 424,880). Overcoming this level, which has resisted for a relatively long time, has delayed a reminder among investors about the bitcoin bubble at the end of 2017, “said economist Lukáš Kovanda, who works in the team of the Government’s National Economic Council (NERV).

He reminded that after reaching the 20,000 mark in 2017, there was a protracted price slowdown. The exchange rate of the most famous cyber currency in the world basically did not rise until this year.

It is necessary to emphasize that virtual currencies do not have a single price, they are traded on stock exchanges and exchange offices depending on volatility. Differences in prices can vary in the order of several thousand crowns.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.