Bitcoin News

Bitcoin price breaks historical record again; $ 37,000!

Following the extraordinary fluctuations of Bitcoin in 2021, a few hours ago, it managed to set a new record by crossing $ 37,000.

To Report Bitcoin Desk, the price of Bitcoin in the last 24 hours with a jump of 6.4 percent, was able to rise to $ 37,418. The jump came after Bitcoin managed to cross the $ 36,000 mark. After peaking at $ 37,000, we saw a correction to $ 36,780. Bitcoin is currently trading at $ 37,417 per unit.

Bitcoin price chart
Bitcoin price chart

So far in 2021, the price of bitcoin has performed exceptionally well. By 2020, the king of digital currencies was growing by 300. The interesting thing is that in December alone, the price of bitcoin has increased by 50%. The spark for the current uptrend in Bitcoin can be seen in late November last year. At that time, Bitcoin started a new trend by breaking its three-year high of $ 29,793.

In the first five days of 2021, Bitcoin rose 25.1 percent to $ 7,000. According to many experts, the Bitcoin digital gold scenario and the influx of capital by institutional investors are the main reasons for the price increase.

The role of last night in the United States should not be overlooked. Last night, Trump supporters stormed the congressional building to protest the election results to prevent the deputies from confirming the results.

Global uncertainties could potentially devalue major currencies, and this may affect the attractiveness of bitcoin. According to experts, the attack on the Congress building and the killing of at least 4 people in last night’s clashes are a clear example of indecision.

The Bitcoin market is currently worth about $ 699 billion; This means that the market value of this digital currency has also increased from companies such as Alibaba and Tencent.

As bitcoin prices have risen, so has the supply of stable coins. From New Year’s Eve to today, the supply of Tetra has increased by more than 10% and its market value has reached 22.1 billion dollars. The USDC supply has grown by more than 10% since the beginning of January and is in the range of $ 4.3 billion, according to Glassnode.


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