New Record of Bitcoin | Why Bitcoin Jumps?

Last Friday, bitcoin hit a new all-time high and fluctuated within the $ 1 trillion market capitalization range. It easily relieved analysts' warnings that it was an "economic performance" and that its ability to hedge against falling stock prices was very poor.

The world's most popular cryptocurrency jumped $ 2.6% to an all-time high of $ 52,932, expecting it to grow by over 8% per week. So far this month, it has increased by about 60%.

Bitcoin's growth has been boosted by the recognition of mainstream investors and companies such as #Tesla, #MasterCard to New York Mellon.

According to data from the cryptocurrency data website #CoinMarketCap, its latest earnings pegged the market value (all bitcoins in vogue) to approximately US $ 982 billion, and the total value of all digital coins is approximately US $ 1.6 trillion.

It added that bitcoin is an "economic performance", and he called the development of digital technological innovation and digital platforms in the credit and payment functions "the story of the true financial revolution in the era of Covid-19".

• Bitcoin uses more electricity annually than all of Argentina, according to analysis by Cambridge University researchers.
• Think instead of B2BB collateral, Bitcoin trading exchange margins, international trade and very very large economic engines of our globe. 
• Other investors this week said that the volatility of bitcoin hampered their ambitions to become a widespread payment method.
• Bitcoin's gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.

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