The record hunt continues – the digital currency Bitcoin has reached its next milestone. The price rose to over $ 34,000 on Sunday.
At the beginning of the year, the cryptocurrency Bitcoin continued to soar. On Sunday, the Bitcoin price on the Luxembourg trading platform Bitstamp rose to $ 34,800. Bitcoin could not quite hold the level, but was most recently around five percent above the level of late trading on Saturday evening at $ 33,900.
This adds up to the price gains in the new year alone to almost $ 5,000 or 17 percent. On other trading venues, of which there are numerous, the record levels can deviate as there is no central Bitcoin trading.
At the beginning of 2020, the price was around $ 8,000, then fell to less than $ 4,000 during the first Corona wave in the spring. After that, a slow rise began, which accelerated sharply in the fall. Since the end of September, the price has climbed by more than $ 23,000 or around 220 percent.
However, experts warn of the extreme price fluctuations in Bitcoin. Three years ago, for example, the rate of the digital currency collapsed by almost 70 percent in a short period of time.
