Tuesday, April 16, 2024

Bitcoin Crosses $27,500 and Sets a New Record

Bitcoin has recently set a new record by breaking the level of $27,500. Before Bitcoin Price briefly broke the $25,005.53 and then fell back to $24,971.23 crossing the $25,000 mark and then marching forward from there. But the recent report says that the value has been reached to exact $27,585.

The main digital or we can say crypto currency has had a record month, just surpassing by $20,000 less than in two weeks ago, on Dec. 16. It had reached to $24,000 after three days at that time.

Crypto enthusiasts have always been very optimistic about the price as where today’s price is going. However, Anthony Pompliano, the co-founder and the partner at Morgan Creek Digital investment firm also suggested on Twitter that Bitcoin crypto currency traders are trying to pump the price to $28,000.

Analysts and trading experts also believe that there’s a bright future ahead for leading of crypto-currency. The Citibank managing director, named Tom Fitzpatrick has recently suggested that it might also reach to $318,000, while Guggenheim Investments believes that it’ll cross $400,000.

A cryptography veteran and the CEO of blockchain technologies, Adam Black provides Blockstream and believes that retail investors are also behind this surge, as there is no institutional trading currently during the Christmas holidays but soon the trade will raise high.

Mehjabeen Qasim
Mehjabeen Qasimhttps://startuppakistan.com.pk/
Business Journalist at Startup Pakistan

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