Bitcoin has crossed the $ 28.5 thousand threshold – foreign exchange

Currency

BITCOIN
+ 2.81%

Base:26,902.66

opening:0

Tall:28,599.99

low:26,205

change:–

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Continues to break records – The digital currency was traded this morning on the crypto exchanges at a price of about $ 28.5 thousand, when Bach crossed the previous record of $ 28.3 thousand earlier this week. Meanwhile, the gains have moderated slightly to a level of about 2.7%, and the currency is trading at $ 27.6 thousand.

The rise of last weekend in the price of bitcoin led to a consistent break of three consecutive days in the peak prices of the currency. Thus, while on Friday its price was $ 25,000, on Friday it had already risen to $ 26,000, and on Saturday it crossed the $ 27,000 ceiling.

In the last week alone, digital currency has risen by about 15%. In the last month there has been an increase of 58% while in the last year the jump has already reached more than 260%. Bitcoin hit a significant high point in late November, then climbed above $ 19.7 thousand – the highest since the peak of December 2017, when the currency was carried on the hype waves.

Among other things, the rise in digital currency prices is the entry of new investors using it as a hedge, against the backdrop of the massive Federal Reserve printing of funds in the United States and the European Central Bank, raising fears of dollar and euro erosion – major currencies. Another factor that fuels bitcoin prices is its adoption by the PayPal payment service about two months ago.

Recently, analyst Claude Erb and Prof. Harvey Campbell of the prestigious Duke University published a study according to which the real value of Bitcoin is only $ 12,000. According to this estimate, the record price of the currency this morning ($ 28.5 thousand, as stated), is 137.5% higher than its real value.
Bitcoin can be invested through certain mutual funds as well as through stocks. To purchase the currency itself, you must first open a Bitcoin wallet and then purchase it from various brokers – and see an extended explanation in BizPortal’s guide on investing in the currency.