Bitcoin price hits a new all-time high
By ForGeeks
Bitcoin never ceases to amaze with new achievements, having set an absolute record – the cost of the most popular cryptocurrency in the world has for the first time crossed the threshold of 120,000 dollars per unit. The jump is due to increased attention from investors and the cryptocurrency’s strengthening role in the global financial system.
After skyrocketing from $50,000 to $110,000 at the end of the previous year, the price of Bitcoina underwent a correction to $75,000 due to Donald Trump’s announcement of global customs duties and other geopolitical events. However, since April, the value has risen by about 65% and is above $122,000 at the time the news was published. Recent announcements by the U.S. government to create a strategic reserve of digital assets have also contributed to this rise.
Experts attribute this rise to an influx of institutional investment and a general shift in attitudes towards cryptocurrencies. According to analysts, Bitcoin is increasingly seen not as an object for speculation, but as a means of capital protection, like gold, especially amid growing interest in technology stocks.
According to analysts, Bitcoin is increasingly being viewed not as an object for speculation, but as a means of capital protection, similar to gold, especially against the backdrop of growing interest in tech stocks.
The Bitcoin price hits new all-time record was first published on ITZine.ru.
