RATE Group | Bitcoin Price Breaks over $9,000, Coronavirus Isn’t Only Influencing Factor
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Bitcoin Price Breaks over $9,000, Coronavirus Isn’t Only Influencing Factor

28 Jan Bitcoin Price Breaks over $9,000, Coronavirus Isn’t Only Influencing Factor

Posted at 21:39h in Cryptocurrency News by

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As per reports from Forbes on January 27, 2020, Bitcoin (BTC), the world’s largest cryptocurrency experienced a 5% rise, briefly climbing as high as $9,142.80 per Bitcoin on the Luxembourg-based BitStamp exchange before slightly falling back afterward. At the moment of writing, Bitcoin price is $9,017. However, this price still demonstrates a more than 4% growth over the last 24 hours.

Since Bitcoin enjoyed a tremendous boost in 2017, it has struggled to reach a similar height. The crypto is still half its all-time high. It suffered a huge setback in 2018 but had a slight improvement in 2019. The latest rise will come as a big boost to traders.

Bitcoin isn’t the only crypto that experienced a boost this week. Other assets also recorded acceleration. Bloomberg Galaxy Crypto Index recorded a 1.7% rise in the performance of the world’s largest cryptos, which is well above a two-month high.

The increases popped up following last weeks’ awful performance ahead of the Lunar New Year…

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