The price of Bitcoin surpassed the level of 34 thousand dollars during trading on Sunday for the first time in light of the increasing interest from dealers and investors who believe that it is on its way to becoming a prevalent payment method, according to the Bitstamp cryptocurrency exchange.
With the arrival of Bitcoin to this level, one digital currency in Bitcoin is worth nearly half a kilogram of gold.
And the price of the most popular cryptocurrency in the world was traded at 32,565 dollars, after it crossed the level of 30 thousand dollars for the first time in its history at the beginning of Saturday’s trading, then to 31,502 dollars, in the middle of the same day’s trading.
Historic record numbers
In 2017, the value of Bitcoin approached $ 1000, and then witnessed a rise over the following months before achieving a boom between mid-November and mid-December of 2017, reaching near $ 20 thousand, but it started its downward path after that.
In early 2020, the price of Bitcoin was equivalent to 8 thousand dollars, but then it decreased to 4 thousand dollars when the Corona pandemic broke out in the spring..
Within 3 months of trading, the virtual currency Bitcoin broke the historical prices recorded in December 2017 at $ 19,000, amid a global increase in demand..
The value of the oldest and most popular virtual currency among the cryptocurrencies and the most widespread in the world crossed the threshold of $ 20,000 for the first time on December 16, 2020, before ending last month at $ 29,000..
Causes of the mutation
Investors in the cryptocurrency did not expect an improvement in the price of virtual currencies, but rather a break of previous historical prices, during the current year, which is the most economically and financially complex in various developed and developing economies.
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