Bitcoin soars to cross the $ 17,500 mark

The price of bitcoin surged Tuesday for the second consecutive session, gaining $ 1,500 in less than 48 hours. At around 6:20 p.m., bitcoin cost $ 17,502 (or 9,909,595.50 CFA Franc), and had been evolving at levels more seen since the brief price spike at the end of 2017, when the cryptocurrency had reached its all-time high at $ 19,041. , before falling in early 2018. Over the last 24 hours, bitcoin has gained more than 6%, dragging in its wake the entire crypto market which is approaching a market capitalization of $ 500 billion, at exactly 499,14 billions of dollars.

“There is a real appetite for risky assets, including cryptocurrencies, due to the extraordinary measures to stimulate the economy by global banks and governments,” Fawad Razaqzada, analyst at Forex told AFP. com.

Bitcoin’s uptrend is still in its infancy according to senior Citibank analyst Thomas Fitzpatrick, who sees the queen of cryptocurrencies at 318,000 by the end of 2021. Fitzpatrick thus draws a parallel with gold to support his hypothesis of a sharp rise in the price of Bitcoin. “This skyrocketing, when it became widespread, was very reminiscent of what happened with gold, which was able to float in the early 1970s after 50 years of trading in a range of 20 to 35 dollars. “. To meditate.

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