Bitcoin Price Hits $30,000 For First Time

We have just witnessed a milestone in the crypto industry. Bitcoin (BTC) has surged past $30,000 for the first time ever. This is an incredible moment for the entire crypto community as Bitcoin has now become one of the most sought-after digital asset.

The previous all-time high of Bitcoin was recorded on December 16th when it hit $29,500. Since then, it had been trading sideways in a narrow range until today when it finally broke the $30K barrier.

The surge in Bitcoin’s price comes exactly 10 months after it plummeted to its yearly lows of around $4,000.

It is worth noting that this incredible rally was further fuelled by a series of news developments such as institutional adoption, continuous bullish predictions and increasing demand for BTC from retail investors.

On top of that, many mainstream financial institutions such as Paypal and Square have also started offering their customers direct access to cryptocurrencies.

Given this scenario, many experts believe that this could be just the beginning of Bitcoin’s bull run and that we may even see it reach new heights in 2021.