Bitcoin achieved a new all-time high of $ 118,900 on Friday More than $ 113,822 from his previous record on Thursday,
At the time of this writing, the price of bitcoin is around $ 117,400.
It is an important milestone for bitcoin, as it highlights its resurrection, which is now at least around it $ 76,000 in early April. It fell to about $ 49,000 last August.
Some analysts feel that if it reaches $ 150,000, it will stop a purchase frenzy. It is important to note that bitcoin, like most cryptocurrency, may be super unexpected. No one really knows to ensure what is going to happen next.
Some factors contributing to the bounce of bitcoin include President Trump’s Pro-Crypto Rukh, which has created more interest from institutional investors. (This group includes institutions with adequate purchases like banks and hedge funds.) These investors are buying bitcoins with the hope that cryptocurrency will play a more important role in the financial sector moving ahead in the financial sector, increasing the resulting price.
In March, Trump Signed an executive order Establishment of a strategic bitcoin reserve.
