Bitcoin reaches unprecedented highs

Bitcoin

It seems that the rise in the top of the digital electronic currency Bitcoin during the end of this year, which reached unprecedented levels, will not be similar to what happened years ago and it does not seem to be just a bubble bursting at any time as some experts had thought earlier.

Bitcoin has achieved a significant value that it has never reached before, with a value at the end of last week of USD 28,365, and this continued rise of Bitcoin since October and November and then the near-completion of December is the longest continuous rise since the rise in mid-2019, which denies what some experts expected to be a temporary rise or a bubble that will soon be End

While expectations suggest that Bitcoin may reach an unprecedented new symbolic threshold of US$30,000 soon and possibly before the end of the year, the value has returned relatively low in the past hours to US$26,796 to date, while expectations about the world's most famous electronic currency remain mixed.

It is clear that the cryptocurrency sector has also benefited from the repercussions of the Corona pandemic on the global economy, which began at the beginning of this year, adding to sectors that have experienced the height of their prosperity such as e-commerce and e-games, where experts say that the reason for the rocketing value of Bitcoin is mainly due to this reason.

Read : What is Bitcoin ?

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