Bitcoin hit another record high of $ 8200 on Monday after a once-crazy week of bitcoin trading, which once dropped to about $ 5,500 on November 12 and has since rebounded more than 47% to $ 8,000 for the first time on Friday Mark, setting a record high, its market value rose almost 50% in just eight days.
This wave of new highs is due to the fact that Square, a U.S. payment company, has said it has begun allowing specific customers to buy and sell bitcoin in its Cash App applications. At the Bitstamp, Luxembourg-based headquarters, Bitcoin traded as high as $ 8,197.81, Over 2%, surging about 48% from the November 5 th $ 5555 drop.
Since the beginning of this year, the value of the digital currency has fluctuated sharply and the market value has risen eight-fold. People from all walks of life warn that there has been a bubble in the market and most of the investment agencies have left the market.
However, retail investors and some hedge funds and family agencies are pouring into the market, according to trade website Coinmarketcap. All digital currencies posted a "market value" of more than $ 242 billion on Monday, setting a record high.
Bitcoin hit another record high of $ 8200 on Monday after a once-crazy week of bitcoin trading, which once dropped to about $ 5,500 on November 12 and has since rebounded more than 47% to $ 8,000 for the first time on Friday Mark, setting a record high, its market value rose almost 50% in just eight days.
This wave of new highs is due to the fact that Square, a U.S. payment company, has said it has begun allowing specific customers to buy and sell bitcoin in its Cash App applications. At the Bitstamp, Luxembourg-based headquarters, Bitcoin traded as high as $ 8,197.81, Over 2%, surging about 48% from the November 5 th $ 5555 drop.
Since the beginning of this year, the value of the digital currency has fluctuated sharply and the market value has risen eight-fold. People from all walks of life warn that there has been a bubble in the market and most of the investment agencies have left the market.
However, retail investors and some hedge funds and family agencies are pouring into the market, according to trade website Coinmarketcap. All digital currencies posted a "market value" of more than $ 242 billion on Monday, setting a record high.
