Home Business Cryptocurrency: Bitcoin hits $39,000 as crypto market worth over $1trillion

Cryptocurrency: Bitcoin hits $39,000 as crypto market worth over $1trillion

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The price of leading cryptocurrency, Bitcoin, has broken a record of $39,000 which has been an all-time high. The moon began in December 2020 when it moves so close the $19,783 price which is just a bit near its previous all-time high of $20, 000 in 2017.

While bearish traders expected that the December rise would drop in no time, Bitcoin continued to rise in value with a growth of 13.45% over the last 24 hours.

Bitcoin which is seen as a digital gold has attracted institutional investments into the cryptocurrency market which in less than 30days hits over 1trillion dollars market cap.

See Also: Cryptocurrency the new dimension of money

Bitcoin now controls $746 billion of the $1 trillion value of the cryptocurrency market. This is expected to grow with the Democratic Party now in control of both the House and the Senate in America.

Other cryptos like Ripple’s XRP, Nano, Cadano, Tron, Ethereum have also recorded significant growth in recent weeks while Dodge among others is struggling to find back their footings.

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