Monday, March 1, 2021

Bitcoin breaks the $ 50,000 barrier for the first time in its history

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Bitcoin broke the $ 50,000 mark during trading on Tuesday, setting a new record.

The price of Bitcoin had reached 48700 dollars on Sunday morning, an increase of more than three percent, and the value of the cryptocurrency rose by nearly 70 percent since the beginning of this year until now.

It is worth noting that after a long period of traditional financial firms avoiding this currency, it appears that Bitcoin and other virtual currencies are increasingly entering the mainstream as a routine asset and payment method.

It is noteworthy that Bitcoin is the most famous decentralized digital currency, and it first appeared in October of 2008, and the Bitcoin currency has become a used and approved payment system for many parties today, and Bitcoin is considered a “cryptocurrency”, due to the fact that it uses encryption to secure transactions within its structure. Infrastructure, which is a distributed database over the Internet or “blockchain”.

Source: A.A.A.

The article “Bitcoin” breaks the $ 50,000 barrier for the first time in its history, it was written in the Al-Borsa newspaper.

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Bitcoin breaks the $ 50,000 barrier for the first time in its history