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Bitcoin kicks off the year with a new all-time high


January, 04 2021
watermark Economic news

On Monday, the value of bitcoin began to decline after renewing its historical high at $34,543 on Sunday. The current value of the cryptocurrency is $31.632. In the morning, the price dropped to $29,000.


The bitcoin rate began to grow in mid-December, quickly breaking first the 20,000 mark, and then the 30,000 mark.


Analysts do not agree on the future price dynamics. Some believe that Bitcoin has already reached its maximum values, and a price pullback will soon follow. Others predict growth throughout the year, and even maximum values ​​of $100,000.


Recall that the cryptocurrency is based on a decentralized system based on blockchain technology. New blocks of the system are created by its participants using computing devices, mainly video cards. However, the emission is limited by the creators: only 21 million bitcoins can exist, and now more than 19 million have already been created.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.