According to German News Agency on January 2nd, the price of Bitcoin briefly broke through on the 2nd, reaching a record high of 33,000 US dollars. On the platform of the US Bit Stamp Company, the price of this cryptocurrency once unprecedentedly reached $33,099. However, this price did not last long before it fell back to $32,750. At the same time, because there is no unified Bitcoin exchange, there may be different record highs on other trading platforms.
It was pointed out that Bitcoin has risen astonishingly last year. At the beginning of 2020, its price was 8,000 US dollars. When the epidemic broke out in the spring, it fell to 4,000 US dollars. Subsequently, the price rose all the way and the increase began to accelerate in the fall. Since mid-October 2020, the price of Bitcoin has more than doubled.
Bitcoin is by far the largest digital currency, accounting for nearly 70% of the market share. A decisive factor in the rise of Bitcoin is that digital currencies have regained the focus of investors this year. The rise in bitcoin prices is also due to the increasing interest of professional investors in cryptocurrencies. These professional investors are usually interested in long-term investment, which helps stabilize the price.
Due to the epidemic and related government debt surges, people’s interest in digital currencies is also growing.