bitcoin

The price of bitcoin for the fourth time in December updated its absolute maximum – on December 25, a record high of $ 24,500 was reached. Altcoins also revived a little.

This week, bitcoin gradually reached new heights: on December 16, the maximum mark of $20,800 was recorded on the Bitstamp exchange, and on December 17, bitcoin reached a new all-time high of $23,000.

This week was marked by a change of "bullish" sentiment to "bearish".On December 9, the bitcoin rate fell by 5% per day and was trading at $18,300, the daily minimum was at around $17,640. Other top cryptocurrencies also appeared in the red zone. Perhaps the reason for the fall was the significant volumes of BTC on the exchanges that put up the whales for sale.

On November 24, the price of bitcoin reached $19,000 on the Binance exchange. Only $1,000 remained before the all-time high. Why is there such a rapid growth?

On the night of November 18, Bitcoin continued to grow, reaching a new record this year of $18,483. At the same time, the capitalization of the first cryptocurrency reached a historical maximum of $341.95 billion.

Bitcoin has again updated the annual maximum. Note that the last time such a price was in January 2018.

On the evening of November 5, bitcoin got as close as possible to the $16,000 mark, but could not overcome it. It can be assumed that this is a matter of time.

BTC grew by 3% per day. On Tuesday, October 27, 2020, it updated a new 16-month high of $13,700. At the same time, global stock markets went down, for example, the leading Wall Street S&P 500 index fell by almost 2%.

Kraken specialists described the conditions under which bitcoin will rise to $350,000. This can happen by 2044 due to the transfer of capital by inheritance to younger generations.