The bitcoin rate has exceeded $30 thousand. During the day, it grew by 4%. This is the historical maximum value of the most popular cryptocurrency.
The bitcoin rate has risen again – now the cryptocurrency is worth more than $30 thousand. At the time of writing, one bitcoin was worth $31,272.
In the last days of 2020, Bitcoin has been growing, especially actively. Bitcoin surpassed $25,000 on December 26, according to Coinbase. However, already in the first hours of December 27, the cryptocurrency cost exceeded $26.5 thousand.
Bitcoin has risen 250% over the past 12 months, but researchers believe that profit-taking can drive the price down among long-term investors. “The steady rise in bitcoin prices has made digital currency the best asset of 2020,” they wrote to Forbes.
In 2020, bitcoin already broke several of its records – for example, back in early October, it cost about $11 thousand. Analysts suggest that some investors see cryptocurrency as a “safe investment in times of uncertainty.” However, other experts note that this asset remains volatile.