The rise of Bitcoin is making analysts and experts to run out of superlatives as its price surpassed $40,000 this Thursday, just hours after the first cryptocurrency sliced past the $38,000 and then the $39,000 mark.
The price of BTC has set a new record of $40,122.40, as of writing this article, up 13.44% over the past 24 hours. It was this Wednesday when Bitcoin hammered $36K and $37K for the first time before skyrocketing on Thursday through $38K and $39K, to reach the $40,000 mark.
The leading cryptocurrency continues an impressive start of 2021 and comes after a landmark 2020 in which the digital asset scored more than 300% growth, with an almost 50% increase in December alone. A few weeks ago, on November 30th, Bitcoin rolled past an almost three-year-old record of $19,785. By the final moments of 2020, the cryptocurrency added about $10,000 more to its value.
Seven days after 2021 has started, Bitcoin is on its way to put December’s stats to shame. It is now up by more than 35%, or about $11,000.
Bitcoin’s price is currently more than two times bigger than that previously mentioned record high of $19,785 reached during the notorious 2017 bull crypto rally.
