The price of bitcoins is increasing steadily. After more than 15 months, last, the price of Bitcoin rose to a record high on Monday (June 23). The news agency Reuters reported that the price of bitcoin had exceeded US $ 11,000. Now, though it is US $10000, it will rise further by the end of the year.
Bitcoin prices have been rising in the days after Facebook’s virtual currency plans came out. The currency had risen to US $ 20,000 in the year of 2017. However, since the beginning of last year, many investors have suffered losses. On January 2009, Bitcoin emerged as a digital currency in the world currency market. Transactions are done either electronically or online.
According to a report in the Guardian, the price of Bitcoin has continued to rise since the news of Facebook’s Libra cryptocurrency launch this week. The currency has risen up to two thousand dollars this week. From February this year, the price of Bitcoin began to rise again.
Bitcoin is basically a lot of shares or currency transactions on the Internet. So it regularly fluctuates its prices or exchange rates. It is the exchange itself, like the dollar or the euro.
In some countries of the world, Bitcoin is used in a limited range as its own currency. In the cryptographic process, Bitcoin transactions are completed.