Bitcoin price set a new record - above $ 23,500

On December 17, the price of the leading cryptocurrency Bitcoin set a new all-time high, crossing the $ 23,500 mark, according to CoinMarketCap data.

The weighted average bitcoin rate reached $ 23,586.91 per unit and set a new record.


In the following hours, the price dropped slightly. At the time of the publication of the news, the cryptocurrency was trading at $ 22,628. Over the past day, the growth was 14.66%.


Recall that at the end of 2017, the Bitcoin price reached an all-time high of $ 20,000, and then began to fall - a year later, the cryptocurrency was trading at $ 4,000.

In early November, for the first time since January 2018, bitcoin crossed the $ 15,000 mark, and at the end of the month - $ 19,000 and rose to $ 19,800, but it failed to overcome the $ 20,000 level.

On December 16, the cryptocurrency finally crossed this mark and continued its growth.


How long it will last is unknown.

According to some experts, such as the co-founder of the Gemini crypto exchange, Tyler Winklevoss, the cryptocurrency has significant growth potential. He believes that in the future, the price of BTC could reach $ 500,000 per coin.
There is no surprise for that record. I started trading bitcoin when it had an exchange rate one-to-one ratio. I think that the tremendous increase of bitcoin is related to its demand because all cryptocurrencies are created by its demand. Recently, I have studied demand on bitcoin on Investous and was really surprised by the fact that other cryptocurrencies are rising as well. In other words, there is a chance that bitcoin will not be major crypto on the market anymore. Maybe it is time to switch to something different.
Last edited: