Compared with the previous Bitcoin price, this value was up by almost 2,7%, with a previous record reached a couple of months ago, in August, when the BTC currency had a Bitcoin price of $123,480.
But why did this popular cryptocurrency hit a record high again after its August record?
It seems that for the eight consecutive sessions, the Bitcoin price experienced a significant increase based on the increased inflows into the Bitcoin exchange-traded funds, along with the most recent gains for different U.S. equities.
If we look into the results of the recent months, we can say that this is the best period to own the Bitcoin cryptocurrency. According to different reports, in October and November, Bitcoin is most likely to increase its price, offering an approximately 25-30% return.
What is Bitcoin?
Most probably, you already know what Bitcoin is, but it is still important to clarify important things about this well-known cryptocurrency.
Well, the BTC cryptocurrency represents a decentralized and completely digital currency that operates without needing support from a certain central authority, such as a government or a bank.
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Created a long time ago, in 2009, by an anonymous group, presumably called Satoshi Nakamoto, BTC is powered by blockchain technology, which is responsible for recording all the transactions to be transparent and secure. To be sure that each transaction is really secure, the network participants, also known as miners, verify these transactions and use computational power in order to validate and even add new blocks to the chain.
Because it has a high Bitcoin price, this cryptocurrency has always been considered the most secure digital currency due to its underlying technology as well as its decentralized structure, which is supported by thousands of nodes globally.
So, it seems that it is really difficult for anyone to hack the Bitcoin network.
We don’t know for sure if this will be the all-time high for the BTC cryptocurrency, as the recent U.S. government events are tempting more and more investors to focus on safer assets such as Bitcoin, Gold, and many others that could offer various benefits.
Right now, the Bitcoin price has decreased and is now 123.887,40, but stay tuned for more updates!
What is Bitcoin?
Most probably, you already know what Bitcoin is, but it is still important to clarify important things about this well-known cryptocurrency.
Well, the BTC cryptocurrency represents a decentralized and completely digital currency that operates without needing support from a certain central authority, such as a government or a bank.
Subscribe to our newsletter
Created a long time ago, in 2009, by an anonymous group, presumably called Satoshi Nakamoto, BTC is powered by blockchain technology, which is responsible for recording all the transactions to be transparent and secure. To be sure that each transaction is really secure, the network participants, also known as miners, verify these transactions and use computational power in order to validate and even add new blocks to the chain.
Because it has a high Bitcoin price, this cryptocurrency has always been considered the most secure digital currency due to its underlying technology as well as its decentralized structure, which is supported by thousands of nodes globally.
So, it seems that it is really difficult for anyone to hack the Bitcoin network.
We don’t know for sure if this will be the all-time high for the BTC cryptocurrency, as the recent U.S. government events are tempting more and more investors to focus on safer assets such as Bitcoin, Gold, and many others that could offer various benefits.
Right now, the Bitcoin price has decreased and is now 123.887,40, but stay tuned for more updates!
