Bitcoin Crosses $8,000 To Reach A New All-Time High

Well, the price of Bitcoin has seen a massive growth this year. According to the reports from Coindesk, the price of Bitcoin jumped to $8,101 at around 20:00 UTC on Sunday. Right now the price of Bitcoin is trading a little below $8,000.

Bitcoin Crosses $8,000 To Reach A New All-Time High

Well, a previous month we have seen Bitcoin, the digital currency, suffered a significant fall. Almost 40% in just two weeks, from about $5,000 to around $3,000. However, this month we have also seen Bitcoin beating its historical record above the $5,200.

The reason why we are talking about Bitcoin is that according to the reports from Coindesk, the price of Bitcoin jumped to $8,101 at around 20:00 UTC on Sunday. Right now the price of Bitcoin is trading a little below $8,000.

Well, the price of Bitcoin has seen a massive growth this year. The price has risen more than 700% this year. Right now the current market share of Bitcoin is about 56% which is followed by Ethereum’s 14.5% share.

The price of this well-known cryptocurrency has increased 700% since the beginning of the year. These were the levels, as TechCrunch recalls:-

  • May 20: US $ 2000
  • August 4: US $ 3000
  • August 12: US $ 4000
  • October 12: US $ 5000
  • October 20: US $ 6000
  • November 2: US $ 7000

Well, Cryptocurrencies are extremely volatile, so these reports are risky and exaggerated. Cryptocurrencies are no stranger to fluctuations in prices. So, what do you think about this? Share your views and thoughts in the comment section below.



AUTHOR

Manpreet Singh is young Entrepreneur who is managing Tech Viral & Also an aspiring blogger and Chief Editor for Tech Viral. He is an Experienced Blogger, SEO Expert, Digital Marketer, Certified Web Developer & Social Media Expert.

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