Bitcoin is becoming more expensive and sets new records of the year

Bitcoin, which last year behaved in an almost unpredictable way, continued this tactic this year. Currently, it is trading at a price of about $ 10.3 thousand, although in December the rate ranged from $ 7 to $ 8 thousand, and continues to climb up. Traditionally, subsidence occurs, but so far the dynamics indicate further growth.

The Bitcoin exchange rate reached a five-month high, and experts call various reasons that could affect the growth rate of the popular cryptocurrency. To them carry increased popularity of cryptocurrencies, halving (a twofold decrease in remuneration for adding a new block to the blockchain), instability in world politics and, of course, coronavirus.

Following bitcoin, alternative cryptocurrencies have traditionally grown up. Experts believe that if Bitcoin consolidates above $ 10 thousand per unit, confidence in it will increase.

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Author: Joseph Oladokun

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