Bitcoin Reaches Value Above $10,000 Due to Coronavirus

10 FEB 2020 ยท INTERNET14 COMMENTS
Bitcoin, the world’s most popular digital currency, had a tough time at the end of 2019. At the time, we reported that the cryptocurrency market was in a steep decline, which was a bad sign.

However, due to the Coronavirus outbreak, Bitcoin has increased significantly, reaching a value of over 10 thousand dollars.

 

 

However, as we know, market dynamics can be both high and low, and from September 2019 until the end of the year, Bitcoin saw dark days , with sudden drops, even falling below $7,000.

But now it seems that the winds are blowing in favor of the currency.

Bitcoin is one of the most popular cryptocurre Venezuela Mobile Number List ncies in the world. Launched in 2008, it has already gained followers all over the world.

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Bitcoin hits $10,000 ‘thanks’ to Coronavirus

Although the epidemic is not good ne Afghanistan Phone Number List ws at all, it could have positive consequences in some areas, including cryptocurrencies.

Thus, the reduced supply and increased demand promoted significant growth in Bitcoin, which surpassed 10 thousand dollars last weekend, the highest value since September 2019.

 

This growth began to be felt in January, as many people, seeing their situation becoming complicated, invested in virtual currency.

In percentage terms, Bitcoin grew by 42.42% and, in turn, Ethereum increased its value by almost 80%.

 

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