Did you miss the leap in Bitcoin? Digital currencies

The price of the crypto etherium currency is approaching a peak. The second largest currency is approaching an all-time high these days as part of the huge tide in the crypto industry. Today the currency rises about 17% to a record price of $ 1,439. This is only $ 9 away from the all-time high in the currency since the beginning of 2018. Here again is the place to warn, cryptocurrencies are one of the most volatile investments in the market and as their price has gone up, it can also go down.

In the past year, the price of the second largest cryptocurrency in the world by market value has almost doubled. Bitcoin has gained almost exclusive fame in recent months as a cryptocurrency, following record prices of more than $ 40,000. In recent days, Bitcoin has been trading at a value close to $ 37,000.

Since the beginning of the year, bitcoin prices have risen by almost 30% (dollars), and have jumped more than 800% since its fall in March 2020. Bitcoin fans claim that its rise has specialized in institutional entry. Silverportel CEO Eli Mizrah told BizPortal that “according to the size of the large wallets operating in the crypto industry, a large amount of institutional money has begun to flow into digital currencies.”

The idea of ​​buying currencies like Bitcoin and Etherium is driven by the belief that this is an asset that has no correlation to markets. On the other hand, there is no shortage of skeptics in the traditional financial world – like economist Nuriel Rubini and strategist David Rosenberg who point to it as a speculative bubble.

Bitcoin as the first cryptocurrency created was launched in 2009 as a peer-to-peer payment system. This system does not require a central regulatory authority. Alternative digital currencies created after Bitcoin, such as Ether and XRP, are called “Altcoins”.

Ethereum, described by its proponents as a potential decentralized Internet infrastructure against Internet hotspots. This is because developers can build apps in Ethereum, called “distributed apps.”

People who opposed the Atherium currency have previously complained about transaction costs being too high. In recent days the purchase cost has risen to $ 16.5 following demand. Cost three times greater than the cost recorded in 2018.

By comparison, Bitcoin transaction fees total $ 17.09, slightly higher than those in the atrium but significantly lower than the price used to be in the past when there were not that many buyers.