Bitcoin Hits All-Time Record of $28,599

Business07:15 GMT 30.12.2020(updated 07:23 GMT 30.12.2020) Get short URL
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Last Sunday, Bitcoin, the world’s most popular cryptocurrency, surged past the $28,000 mark to set an all-time high.

Bitcoin hit a record of $28,599.99 on Wednesday, showing an annual increase of more than 295%.

Bitcoin accounts for approximately 65.6 percent of the world cryptocurrency market. Launched in 2009, Bitcoin was the first cryptocurrency to use a decentralized blockchain-based network. Its popularity has skyrocketed in recent years and some analysts suggest that in the future bitcoin could replace the dollar and deprive the latter of its status as a reserve currency.

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