February 11, 2020 by Victor
After having surpassed the symbolic milestone of 10 000 dollars this Sunday, the bitcoin continues to race upward trend driven by an economic context that is deleterious.
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A soaring to dizzying heights
All the signals of the market of Bitcoin are green. This Sunday, the crypto-currency continues to progress, maddening in crossing the bar of 10 000 dollars. The number of transactions in Bitcoin has surpassed $ 35 billion yesterday, sulignant the craze is massive to investors for the first crypto-currency in the world.
The price of Bitcoin reached its highest level since September 20, 2019. According to Omkar Gombole, a crypto-journalist, the recent outbreak could encourage more investors to engage in the trading of bitcoins.
The causes of the outbreak
Many factors are involved in the recent surge in the price of bitcoin, in particular the fear aroused by the coronavirus, which strangles the traditional financial market. Thus, in this period of economic uncertainty, the bitcoin is a “safe haven” in the same way as gold.
Another reason for the rebound of Bitcoin, the positive comments of Weiss Ratings in respect of the crypto-currency. In fact, the site financial analysis considers bitcoin as “a great investment”, outperforming all other crypto-currencies of the market, according to an article published recently on its official website.
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