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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bitcoin rate has renewed its all-time high, exceeding $41 thousand

January, 08 2021
watermark Economic news

Bitcoin continues to reach new heights. Today, the cryptocurrency has set a historic record, surpassing the $41 thousand mark.


On the largest cryptocurrency exchange in terms of trading volume, Binance, the value of bitcoin increased by 9.85%, reaching $40,602. Later, the price of bitcoin reached $41,057, thereby updating its historical maximum. Recall that bitcoin began to rise in price in mid-December, exceeding the level of $20 thousand.


Many analysts predict a bright future for cryptocurrency. Analysts at JPMorgan Bank suggest that the value of the virtual currency could reach $146,000. Some experts even argue that cryptocurrency will gradually be able to supplant gold as a safe asset.


The rise in the price of bitcoin is largely due to the coronavirus pandemic and the uncertainty in the global economy. However, no one can say what will happen to the cryptocurrency in the near future, since this digital asset has always demonstrated high volatility.


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Risk Warning:
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.
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.