Bitcoin surpasses $ 34,000 and continues to rise at the beginning of the year.

Cryptocurrency 21-30

○Over $ 20,000 to over $ 30,000 in just a few weeks.

○Expected to rise by nearly 50% to $ 50,000 last December.

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Bitcoin, the world’s largest crypto asset (virtual currency), temporarily exceeded $ 34,000. Just a few weeks after breaking through $ 20,000, it surpassed the next high of $ 30,000.

As of 3:05 pm Singapore time (4:05 Japan time), the price has been around $ 33,970. At one point, it rose 7.8% to $ 34,182.75. The price rose by nearly 50% in December last year, surpassing $ 20,000 for the first time.

Bitcoin plummeted 25% in March last year due to concerns over the pandemic of the new coronavirus (a global epidemic), but has since recovered sharply.

Antoni Trenchev, co-founder and managing partner of NEXO (London), said, “It will probably go to $ 50,000 in the first quarter of 2021.” Private investor buying took the lead during the holidays, but institutional investors expected to return to work this week, further boosting the market.

※Information from Bloomberg.

 

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