Bitcoin hits new record at $61K as uptrend continues
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Answer Bitcoin hits new record at $61K as uptrend continues
Bitcoin “BTC” rose to new heights by reaching an all-time high of more than $61,700, which is a new record price, according to the “BTC” website.Flying bird“.
Bitcoin price rose to the level of $61,711 which is considered a new historical high after it, the price of Bitcoin has fallen to the level of 60,600 at the time of writing this article.
Bitcoin is enjoying a remarkable bullish run thanks to the overwhelming appetite of institutional investors, as the price of Bitcoin has surpassed the psychological level of $60,000, for example, the leading business development company “MicroStrategy” recently bought 205 Bitcoin worth $ 10 million.
Then Michael Saylor, CEO of MicroStrategy, took to Twitter to disclose the purchase of an additional 262 bitcoins for $15 million at an average price of $57,146 per coin.
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Bitcoin up 1463% since Black Thursday:
The coronavirus wreaked havoc in March of last year, with bitcoin affected as well as most other financial markets.
In March 2020, Bitcoin lost more than 48% of its value, and fell to a low of $3,800 on March 12, 2020.
Bitcoin has fallen as investors become uncertain about the future, causing liquidity to flee most investment assets.
But the narrative is different now that a full year has passed, as the price of Bitcoin is up more than 1463% based on its recent high of more than $60,600.
The “Santiment” platform commented on this significant shift in the price of Bitcoin by saying:
It’s been one year since Black Thursday slashed Bitcoin’s price by more than half due to pandemic fears and negative sentiment in general.
Since then, Bitcoin has settled more than 1267% from its low of $4,130 on March 12, 2020.
With Bitcoin continuing to hit new highs, it remains to be seen how this will affect the altcoins that await their turn.
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