Bitcoin price crossed $ 35,000; New historical record

Bitcoin price crossed $ 35,000; New historical record

January 6, 2021 0 By technology

The price of Bitcoin reached a new record high an hour ago And set another record with $ 35,000.

According to Utoday, the price of Bitcoin crossed the $ 35,000 mark at 7:30. Bitcoin is currently trading at $ 35,219 per unit.

In recent weeks, however, we have repeatedly seen the previous records broken. The current uptrend started at the beginning of the last quarter of 2020 and has continued to this day.

According to market data, the price of bitcoin has grown by 347% since January 2020. Many market analysts and experts cite factors such as the influx of large and institutional investors, the good state of the network, and the increase in bitcoin acceptance and acceptance as fuel for bitcoin price spikes.

As this digital currency grew, so did the price of Atrium, which rose 10 percent to $1,117. Meanwhile, Cardano’s price has grown by 25% in the last 24 hours, it has performed very well and each unit of this digital currency is trading in the range of $0.269.

Analysts believe that after the price of Bitcoin crossed the $34,000 mark and reached a record high of $35, many investors have decided to cash in on the benefits of this price increase.

$ 10 million in assets of investors in the BitMEX exchange derivatives market were liquidated during the unusual sale on Monday.

Institutional investors can put little pressure on futures markets in the short term; Because many people are waiting for the price of this valuable asset to improve after the sudden and significant price increase.