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Bitcoin Surges to New ATH of $29,829 As It Continues Appreciating

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Sat, 01/02/2021 - 08:27
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Yuri Molchan
World’s biggest cryptocurrency has advanced to a new all-time high and is now trading at $29,829 after the previous peak reached a day earlier
Bitcoin Surges to New ATH of $29,829 As It Continues Appreciating
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Bitcoin has just soared to a new all-time high of 29,829, taking one step closer to the $30,000 level, according to the data from CoinMarketCap.

BTC
Image via CoinMarketCap

BTC growth has accelerated now as 2021 has started – the previous all-time high of $29,629 was reached on January 1.

BTC
Image via CoinMarketCap

Related
Bitcoin Surged Almost 4X in 2020, Peter Schiff Admits, But He Remains Sceptical About BTC

Among the factors that are pushing Bitcoin upward is the news of institutional investors further purchases of this digital currency and the approved decision of the US government to continue issuing stimulus checks (also known as “survival checks”) to the US population.

Last year, those check initiated by president Trump with his name on them (known as “Trump checks” for that reason) were worth $1,200.

The new ones will be for $2,000 each.

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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.