Today, early in the morning Polish time, the Bitcoin exchange rate broke through the $18,000 level. It quickly rose to around $18,450 before beginning a correction. Bitcoin trades above $18,000 The Bitcoin exchange rate is going like a storm (you'll probably forgive the colloquialism). Yesterday it broke through USD 17,000 with momentum and continued to rise. This morning it broke through the $18,000 ceiling. Currently, a correction of this impressive movement is underway. In such conditions, it is difficult to judge its final depth. Currently, you have to pay about 17 700 USD for 1 BTC on the exchange anyway, which is 5.5% more than 24 hours ago and as much as 14% more than 7 days ago. Only that every healthy growth requires corrections. This one is in progress, although it seems that it will not be very deep (this is not investment advice!). The mood in the market is upbeat and many are assuming that there will be an attack on ATH - $20,000 later this year (or maybe even this month). Bitcoin has shot up, but... actually why? Bitcoin seems to have started a speculative bubble, another one in its 10+ year history. Mainstream media are starting to write about the cryptocurrency (yesterday e.g. Polsat News or Interia). There are many indications today that those people who claimed that 2020 is the "new 2016", i.e. the prelude to the super bull market, were right. Bitcoin actually has quite a foundation for a bubble. Big companies are investing in it, the number of bitcoins is growing, in the background there is a crisis whose victims are fiat currencies - destroyed by the authorities of central banks, which strongly loosen their monetary policies. It seems that BTC was created for such moments! In addition, the exchange rate of the cryptocurrency is analyzed by the biggest. A few days ago, a Citibank report was leaked, in which an analyst from this company said that BTC may cost over USD 300,000 in a year. Today it seems crazy, but in 12 months... Who knows? You can always check the current exchange rate of Bitcoin and other cryptocurrencies in the tabs: bitcoin exchange rate and cryptocurrencies exchange rate at bitcoin.pl. Places to buy BTC and other cryptocurrencies include the BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags bitcoin btc price bitcoin rate
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