Bitcoin breaks 8000$

Bitcoin breaks $ 8,000 barrier for the first time

Bitcoin recorded a new record in its history by breaking the $ 8,000 barrier for the first time in its nine-year history as the currency rose to a new record high above $ 8,000 after a strong week of encrypted currency. The currency hit a record high of $ 8263.

"The digital currency may go higher," said Rooney Moas, founder of research firm Standpoint Research, in a memo to customers on Monday. "There have been many positive developments over the past five months, And that some of the obstacles that had been standing in the way of Bitcon were over.

The rise comes on the back of the huge sell-off on Sunday, November 12, with the price of KFH falling to about $ 5,500, and the decline has reached a new record on Sunday, representing an increase of more than 47 percent in the currency rate Digital.

The decline in the price of Petequin at the end of last week after talking about the proposed upgrade of the SegWit2x network, which is scheduled for November 16, and the objective of this upgrade is to increase the speed of transactions, which has slowed down increasingly over the years, There was a large number of positive news at the same time which supported the price of KFH.

The currency of KFH is very volatile and often shows wide fluctuations in the price of the encoded digital currency, and is largely criticized for the mismanagement of people. JPMorgan Chase, chief executive officer of JPMorgan Chase recently called the digital currency fraudulent and said the people they invest in are stupid.

At the beginning of 2017, the value of KFH was about US $ 1,000, while the price rose to about US $ 3,500 in August, helping to raise the hopes of analysts that the currency could reach US $ 5000 next year. Analysts Goldman Sachs Goldman Sachs had expected earlier this month to break the $ 8,000 barrier.

Source: Arab Technology News