The Price of Bitcoin Exceeded Another Psychological Milestone, Reaching $ 41,600 on Friday, January 8.

image

The Price of Bitcoin Exceeded Another Psychological Milestone, Reaching $ 41,600 on Friday, January 8.

According to the Coindesk portal, the first cryptocurrency crossed a new milestone - $ 40 thousand. Bitcoin's growth has been fueled by increased demand from institutional, corporate, and speculative investors. They were attracted by the prospects for the rapid growth of cryptocurrency.

Many experts do not rule out that the main cryptocurrency may soon break through the $ 50,000 level. Some traders said that the increase of Bitcoin was facilitated by the forecast from JPMorgan about the digital coin growth to $ 146,000. Overall, in less than a month, the price of Bitcoin has doubled.

As previously reported, Bitcoin is the most popular cryptocurrency in the world, representing the largest share of the entire cryptocurrency market. This is the first cryptocurrency to be presented publicly, and, accordingly, has the most developed infrastructure. Bitcoin is believed to be the trendsetter in the cryptocurrency world.

For the first time, the price of Bitcoin exceeded a new psychological milestone, crossing the $ 40,000 mark on Thursday, January 7th.