Bitcoin Skyrockets to $41,000, Reaches New All-Time High

Yuri Molchan

Digital gold has reached another all-time high of $41,000 after dropping from $40,000 the day before

News

Fri, 8/01/2021 - 11:01

Bitcoin Skyrockets to $41,000, Reaches New All-Time High

Cover image via stock.adobe.com

Read U.TODAY on

Google News

On Jan. 7, Bitcoin broke above another recent all-time high and surged to $40,000 but dropped four percent shortly thereafter.

Just now, on Jan. 8, the flagship cryptocurrency recovered the $40,000 level and spiked, topping $41,000, continuing its massive rally.

BREAKING: Bitcoin Surges Above $40,000

Bitcoin keeps pushing its way upwards due to multiple factors. Among them are the active Bitcoin purchases by large institutional investors such as Grayscale, which now holds over $20 billion in Bitcoin and other crypto, the long-term quantitative easing program with over $6 trillion issued last year, the SEC's suit against Ripple that alleges XRP to be a security and the Bitcoin halving of May 2020.

This time, Bitcoin surged during the Asian trading session.

#Bitcoin News

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.