It happened – during trading on November 30, the bitcoin rate updated its historical maximum, reaching $ 19,850.11. On December 18, 2017, the previous record was set when $ 19,783.21 was given for one coin.
Reuters noted that over the past year, the main cryptocurrency has risen in price by 170%, which is due to a general increase in investor interest in risky assets and hopes that cryptocurrencies will become a generally accepted means of payment in the foreseeable future.
Over the past week, the bitcoin rate has remained extremely unstable – a couple of days before taking a new frontier, the cryptocurrency fell by $ 3000. After setting a new absolute record, bitcoin entered a downtrend again and now continues to fall in price.
Together with bitcoin, other major cryptocurrencies are becoming more expensive.
- The Bitcoin exchange rate rose sharply at the end of 2017: in October, it exceeded $ 5,000, in November – $ 10,000, and in mid-December, it almost reached $ 20,000. After that, the cryptocurrency began to fall in price.
- On May 11, 2020, Bitcoin experienced the third “halving”: the size of the reward for adding a new block to the blockchain decreased by half – to 6.25 BTC.