Bitcoin exceeds $ 14k Bitcoin has risen 4 percent in the last 24 hours, reaching a value of $ 14,335, with support from election uncertainty in the US. Although the world's largest crypto currency did not make the headlines as it did in 2017, it has risen 207 percent in dollar terms with the impact of the coronavirus epidemic since March. In the said period, it gained 275 percent against TL.
Even though Democrat Joe Biden was close to victory in the US Presidential Election, the increasing uncertainty as President Donald Trump launched a legal battle led investors to turn to cryptocurrencies.
Bitcoin, which was traded at $ 13,776 yesterday morning, broke the critical level of $ 14,000 as of this morning, reaching $ 14,335. In the last 24 hours, Bitcoin has gained 4 percent against the dollar. The weekly rise of Bitcoin, which is called 'digital safe harbor', which is sometimes directed by investors in times of crisis, has reached 8 percent.
Ethereum, the second most valuable crypto currency in the world in terms of market value, has also reached a value of $ 402.8 with an increase of 4.5 percent in the last 24 hours. Among the top 100 cryptocurrencies, the fastest rise was recorded in HedgeTrade with 57 percent.
Although Bitcoin is not the center of attention as it was in 2017 when it broke a record with 19 thousand 783 dollars, so far its investors have been more than satisfied this year.
Bitcoin had started 2020 at the level of 7 thousand 200 dollars. In other words, it has earned 99 percent of its investors on dollar basis in 2020 as of today.
The coronavirus epidemic and its use in PayPal last month were effective in Bitcoin's rise this year.
Bitcoin price declined to $ 4,656 in mid-March. However, as the coronavirus epidemic spread, high volatility in other investment instruments increased interest in cryptocurrencies.
INCREASED BY 275 PERCENT AGAINST TL
Those who bought Bitcoin from the bottom level in March have achieved 207 percent return in about 8 months on dollar basis as of today.
Meanwhile, Bitcoin in TL terms broke a record for the first time by exceeding 121 thousand liras. In the said 8 months, Bitcoin valued 275 percent on TL basis.