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

News
Fri, 01/08/2021 - 11:01
article image
Yuri Molchan
Digital gold has reached another all-time high of $41,000 after dropping from $40,000 the day before
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.

BTC
Image via Twitter

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

BTC
Image via TradingView

Related
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.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and 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.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

thecryptobuds