Bitcoin (BTC) crossed the $31,000 mark today for the first time in the history of the cryptocurrency.
What Happened: The price of Bitcoin surpassed the $31,000 level and was trading at $31,308 at press time, according to TradingView data.
The leading cryptocurrency has been on a bull run since September when it traded at $10,138. Its current capitalization is over $570 billion.
BTC price reached first all time high, $20,000, on Dec. 16. It grew up to $24,000 three days later, and then went up to $28,000 on Dec. 26.
Bull Run: The bull run is here to stay, according to some analysts.
In a recent report, one of Citibank’s senior analysts calls Bitcoin “21st century gold,” and projects the price to potentially hit $318,000 by December 2021.
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