Bitcoin skyrockets in value –

MADRID (EFE).— The bitcoin soared yesterday when standing in November 2021 levels and overcome the 60,000 dollars.

The virtual currency provisionally revalued close to 6%, it even continued to rise even more during the day, and so far this year has gained more than 42%.

Since last January 23, when descendió hasta 38,500 dollarsthe price of the most used cryptocurrency has risen 56.97%.

He Bitcoin reached its highest price on November 9, 2021, when he stood in $67,734.

According to him analyst Simon Petersexpert in crypto assets from the eToro investment platform, bitcoin has remained above the levels since last Monday. 57,000 dollars, the highest price since December 2021.

However, yesterday it regained strength to exceed $60,000 and by reaching levels of 4 November 2021when it stood at $61,357, and even continuing to rise, according to market data.

What causes the rise in bitcoin?

Peters stressed that the driving force behind the movement remains approval of ETFs, exchange-traded funds, bitcoin cash, vehicles that continue to acquire the cryptocurrency in significant quantities.

Since its launch, spot bitcoin ETFs have piled up holdings which represent more than 3% of all bitcoins currently in existence.

Therefore, the analyst expects the current trend to continue and said that it is possible that the currency reaches a new historical maximum, surpassing the $69,000.

He highlighted that currently 70% of all bitcoins in circulation have not moved in more than a year and the figure available for purchase on trading exchanges is at the lowest level since early 2018.