A few hours earlier, the world’s best-known digital currency broke the $27,000 barrier.
On Sunday, the price of bitcoin exceeded its all-time high twice in a single day. The digital currency rose in value by 12.5 percent, surpassing the $28,000 mark . A few hours earlier, the cryptocurrency surpassed the $27,000 milestone.
This Friday, the price of bitcoin surpassed $25,000 for the first time in history, and reached a new record the following day, trading at over $26,000.
#Bitcoin hit 24k on the 24th.
25k on the 25th.
26k on the 26th.
27k on the 27th.
… Continue below ⬇️
— Binance (@binance) December 27, 2020
On December 20, the cryptocurrency increased in value to $24,273.04, its highest rate prior to Sunday. Despite the notable drop it experienced in March, when it lost 25 percent amid the coronavirus pandemic, the value of bitcoin has doubled this year.
Throughout 2020, bitcoin has accumulated in value more than 250 percent, with a more prominent growth curve during the last three months, which closes the best year for the best-known cryptocurrency on a market that has become a reference point.
Featured image: Illustrative image. Given Ruvic / Reuters