Bitcoin trading over $66000 for the first time ever in the history
On 20 October 2021, World's largest cryptocurrency made history by making a new all time high of $66,000. Now experts are eyeing on the new milestone of $75,000 - $86000 in coming months.
Last year on 12 March 2020, Crypto market faced a major crash due to the covid 19 pandemic and uncertainty of the future. Bitcoin came down more than 38% in a single day. Things changed in the crypto world and now bitcoin has grown to $66000 from $4500 last year with around 15 times returns and same experiences people are sharing on social media platforms.
In 2021, Bitcoin has given more than 100% return. Many factors contributing in this rally but few major factors playing the key role like Proshare Bitcoin Strategy ETF launched yesterday on 19 October 2021 with the ticker “BITO,” jumped 4.8%, short supply on crypto exchanges, increasing institutions interest and accumulation by many big companies like MicroStrategy etc. #Bitcoin #BTC