Bitcoin prices tripled throughout 2020, and doubled in the first two months of 2021. However, trading volumes have had a hard time keeping up with demand. As Bitcoin neared a peak of $60,000 over the weekend, can buyers continue to support the ongoing rise?
Bitcoin hit a new record high of over $48,000 after a 1.5 billion USD investment in the cryptocurrency by Tesla.
This week, Bitcoin surged 17.0%, raising the valuation of this cryptocurrency and introducing new volatility to other leading coins.
Bitcoin crosses the $13,000 against the USD for the first time since January 2018, following PayPal’s announcement on crypto.
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