Bitcoin Surpasses $ 33,000 In Value For The First Time

The cryptocurrency (BTC) reached the historic figure this Saturday afternoon, achieving a new record since it was launched, after a positive 2020.

The price of Bitcoin (BTC) surpassed $ 33 thousand dollars this Saturday afternoon in global markets. It is the highest value recorded in the history of the cryptocurrency. Now, the highest amount in the value of bitcoin was registered at $ 33 thousand 136.92, although a little later it was at $ 33 thousand 098.11. 

In this way, bitcoin registers an increase of 13.75 percent in its value during the last 24 hours. The year 2020 was one of growth for this currency, which during the whole year had a growth of more than 300 percent. The fastest escalation occurred in December when it rose 50 percent from its initial value.

On November 30, bitcoin had surprised the markets by reaching its three-year high, with a value of $ 19,793, but in December it climbed another $ 10,000 more, and this Saturday, January 2, 2021, it reached the mentioned price of $ 33 thousand 136.92 per unit.

The cryptocurrency has benefited because investors from major institutions have acquired capital in bitcoin. Due to the measures taken by the Federal Reserve of the United States, the dollar has shown some weakness, and many investments “park” their dollars in bitcoins, which generates confidence in favor of the digital currency.

Another element in favor of bitcoin is the global environment of economic uncertainty. The emergence of a new effort by the Donald Trump administration to stop Joe Biden’s takeover as President of the United States represents an element that breaks with the expected peaceful transition that the markets longed for.

Cryptocurrencies – of which Bitcoin is the most popular – are a form of electronic money that operates on a peer-to-peer model. It is about money, however, they are not issued by any central bank nor are they translated into physical coins or bills, that is why they break the traditional way in which we know and handle money.

Amelia Warner writes all the Latest Articles. She mostly covers Entertainment topics, but at times loves to write about movie reviews as well.

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