Bitcoin, the most valuable digital currency, has reached a new milestone when you cross the $ 60,000 mark for the first time. Just a month ago, Bitcoin hit a price of $ 50,000, so the cryptocurrency’s upward trend is more than obvious.
Since Christmas 2020, the price of Bitcoin has not stopped breaking records and has now reached a staggering $ 60,000 per BTC
This new mark took place last Saturday and today the BTC was $ 60,600. This increase of more than $ 10,000 a month (or 20%) was not homogeneous. BTC and other cryptocurrencies are temporarily in decline that, despite fearing the worst, some have only made corrections, which is normal when the price is going up that much.
In fact, the price is $ 56,000 at the time of this writing, down 5% from 24 hours. As is so often the case, the rest of the cryptocurrencies move with Bitcoin, which means that for the past few months all cryptos have generally performed exceptionally well. Because of this, the correction that is currently affecting BTC has been carried over to the rest of the digital currencies.
What is clear is that the price of BTC seems to be rising without the brakes. In 2017, when it hit $ 20,000 (its all-time high at the time), it fell shortly thereafter and the price fell to $ 3,000. The barrier of 40,000, 50,000 and 60,000 has been broken since December.
Are we facing an imminent decline in BTC and the rest of cryptos? Or is the train too inert to stop? With such a volatile market, it is impossible to predict, but it is true that the financial giants are investing in Bitcoin. Such is the case with Tesla, which bought $ 1.5 billion of this cryptocurrency in February.
