Economy

A rollercoaster ride: the bitcoin price crossed the $23 level and fell again

The bitcoin rate soared to a new record of $23

Today, December 17, the bitcoin rate soared to a new record of $23. rising by more than 770% at the auction. However, within the next 10 minutes, after rising to this level, the cryptocurrency rate fell to the level of 30 dollars.

This is evidenced data from CoinDesk.

As of 16:00 Kyiv time, the bitcoin exchange rate was $22.

This year, the value of bitcoin jumped almost three times, including in the last month — by 16% against the background of an active influx of institutional investors into cryptocurrencies.

Risk appetite is supported by large-scale infusions by the Federal Reserve System and central banks of other countries, as well as growing expectations that the coronavirus pandemic will be brought under control thanks to the advent of vaccines. In these conditions, investors are ready to invest in risky assets, including bitcoin, given that the yield on the most reliable assets, such as government bonds, is close to zero.

The previous record was set yesterday, December 16. Then the course reached the mark of 20 dollars.

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