Despite ups and downs, Bitcoin set to rule 2021
Earlier, the world's most well-known cryptocurrency smashed through $34,000 for the first time ever in its entire history of 12 years on Sunday. The latest gains come two days after bitcoin closed out a year in which the cryptocurrency rose more than 300 per cent, with an almost 50 per cent gain in December alone.
Bitcoin turns 12, crosses $34,000 for first time
Once the price of the leading cryptocurrency crossed the $30,000 mark for the first time -- something it had struggled to do for the last couple of days -- it exploded upwards reaching a new all-time high of $33,136.92 and then continuing the push, breaching $34,000 hours later, reports CoinDesk.
Bitcoin reaches all-time high record after surging to $28,600 mark
The broad bull run in the cryptocurrency market and PayPal’s approval of Bitcoin has expanded the possibility of its usage, surging the demand of the cryptocurrency. The world's most popular cryptocurrency was last up 6.94 per cent at $28,119. Bitcoin has witnessed an exponential surge by almost half since crossing the $20,000 mark for the first time on December 16.