The price of Bitcoin rose 8.54 percent to 56,096 on Friday, up from 3,541 with the previous closing price.
Bitcoin, the world’s largest and most well-known cryptocurrency, is up 105.9 percent from its lowest level of 26,734 on January 4 this year. On April 14, it reached a year-high of 74,895.22. The current price, however, is 12 percent lower than that, according to Reuters.
Ether, the currency linked to the Ethereum blockchain network, rose 1.08 percent to 2,735 on Friday. The value of the currency has increased by 29.29 dollars with the closing price of the day.
Bitcoin is now 56 thousand dollars
The upward trajectory of bitcoin is not new. Since coming to the market in 2009, there have been several ups and downs.
In a few days at the beginning of January, it dropped to 40,000, but at the end of the day, the price fell to close to 30,000.
But before that, Covid-19 has played a significant role in increasing the price of Bitcoin. Virtual shopping has grown since the epidemic hit the world early last year; People have moved further away from paper notes and metal coins.
In the second week of April, Bitcoin hit a record high in the US stock market, just before launching the largest cryptocurrency exchange, the Coinbase IPO. At that time, the price of this most popular currency rose to 82 thousand 741 dollars.