Friday, November 13, 2020

Bitcoin Soars Again, Finally Reaches $ 16,000 Price!

Bitcoin prices soared above the $ 16,000 per unit level on Thursday. This price level is a new level reached since the beginning of January 2018.

The price of crypto currency rose as high as $ 16,019 based on data released by Coin Desk. Rises from the last trading high of around $ 15,800.

The last time Bitcoin reached the price level of $ 16,000 was on January 8, 2018. Analysts think that the rise factor today is not very clear but some companies have shown interest in crypto currency.

Last month, PayPal giant company announced it would add new features that allow users to trade bitcoin and some crypto currencies. In early 2021, the company plans to allow customers to use crypto to make purchases with 26 million retail chains.

Elsewhere, companies like Square have announced that their company has bought $ 50 million worth of bitcoin. Governments including the central bank have also planned to plunge into the crypto world due to fears of a fall in the value of fiat currencies.

At the same time, Etoro market analyst David Derhy thinks the current bitcoin value position should be viewed more positively, hoping to reach the $ 20,000 level