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BTC $47671.89 (-1.2%)
ETH $3360.44 (-2.4%)
USDT $1.00 (0.13%)
BCH $616.76 (-1.9%)
BSV $163.21 (-5.8%)
LTC $177.09 (-2.0%)
BNB $417.52 (1.36%)
ADA $2.34 (-0.7%)
DOGE $0.23 (-1.2%)

Bitcoin Shines on Rising Trend, Promising Time to Buy

Bitcoin Shines on Rising Trend, Promising Time to Buy
  • Bitcoin sets new highest price record at $37,714
  • Total market value for all cryptocurrency hit $1 trillion for the first time
  • Experts say Bitcoin will continue on Bullish streak

Bitcoin carries on with its bullish trend since the end of 2020. As of earlier this morning, it has surpassed old records and set a new one at an all-time high price of $37,714.

It flew past its old bull run made in 2017. A record that held Bitcoin at the value of $19,000. On January 3rd, Bitcoin set the mark at $34,100, yesterday its price surged to 35,000. Until finally, today it surpassed $37,000.

Bitcoin rose by more than 300% and saw almost a 50% gain in the last few days. Over the last five days, it’s up by 25.1% alone.

With this latest surge, the total market value for all cryptocurrency has surpassed $1 trillion for the first time ever.

Bitcoin has gained a lot of popularity over the past year due to the pandemic and strife from stock markets. Global events have always influenced the publics’ choice to invest in Bitcoin.

Today’s surge, in particular, could be linked to the riot in the USA. Trump supporters invading the Capitol could in fact devalue fiat currency.

Troubling matters usually leads to the global public taking precautions. In this case, a fall in the leading fiat currency could impact the whole fiat system.

At press time, Bitcoin’s value holds $37,417. Experts say that Bitcoin’s recent upward trend will continue. They believe that Bitcoin may reach $50,000 by Valentine’s day.

An eager wordsmith who conveys her thoughts and fascinations through words and storytelling. Besides lurking on new and emerging technology forums, she’s always updated when it comes to blockchain.