Bitcoin, one of the most resounding names in the last month, is now making a roar. The virtual currency, which the community calls digital gold, is trading at an all-time high price of $32,800 in Coinbase, one of the popular crypto exchanges. Bitcoin breaches this milestone after crossing the $30,000 mark just yesterday.
Bitcoin Traders on a Roll
From what it’s being called a Ponzi scheme to buying on the feeling of fear of missing out, Bitcoin is making headlines as the most valuable virtual asset in recent times. The first-ever blockchain-based virtual currency has seen sharp highs and lows quickly and is now trading at the price of its lifetime.
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As per the latest prices from Coinbase, Bitcoin is trading at $32,889 with no signs of stopping the rally anytime soon. The coin has registered this mark just a day after reaching the $30,000 line and breaching its previous record of $19,000 in 2017.
This rapid growth was touted by institutional buyers like Payal, who started offering cryptocurrency services just last year.
For this purpose, the payments platform has been buying out more than half of the freshly minted Bitcoins in the last months. While this driven individual investors, many other institutions have participated in this race to shoot up the coin’s price.
This has grown so big that Bitcoin rose more than 300% in 2020, with over 50% of the value risen in December alone.
Coinbase’s price is averaging more than $32,000 in most of the popular crypto exchanges around the world. It’s interesting to see how long this rally continues and what brings a halt to the movement.
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