On Tuesday, the price of Bitcoin in the international market has crossed 69 thousand dollars.
The world’s largest cryptocurrency broke the record of its lifetime high after 28 months. The price of Bitcoin has crossed 69 thousand dollars in the international market. In the current year, Bitcoin has given returns of more than 60 percent to investors. According to experts, there are two main reasons for the rise in the price of Bitcoin. The first reason is that people are continuously investing in exchange traded funds of cryptocurrencies in America. Due to which there is an increase in demand for Bitcoin. The second major reason is the possibility of reduction in interest rates by the US Federal Reserve Bank. Soon the price of Bitcoin may be seen crossing 70 thousand dollars. Bitcoin has broken its own record after 28 months. In the first week of November 2021, Bitcoin made a record of life time high with $68,991. Which has currently crossed 69 thousand dollars.
Bitcoin reaches lifetime limit
On Tuesday, the price of Bitcoin in the international market reached a record level after 28 months. The price of Bitcoin has also crossed the level of November 2021. During the trading session the price of Bitcoin reached $69,208.79. Whereas in the first week of November 2021, the price of Bitcoin was at $68,991. The special thing is that the price of Bitcoin had reached below 20 thousand dollars during these 28 months. The main reason for which was the continuous increase in interest rates. Due to which an increase was seen in the dollar index. Along with the price of Bitcoin, there was a decline in other cryptocurrencies.