Bitcoin price hits $80,000 for the first time
A new bitcoin record
The price of Bitcoin reached $80,000 for the first time on November 10. This new high is a historical record for the leading digital asset.
The Bitcoin community greeted the milestone with optimism, especially given that it occurred over the weekend.
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Most experts believe that, due to the ongoing bull trend, Bitcoin may soon test the $100,000 level.
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Bitcoin’s past records
Over the years, Bitcoin has set multiple significant price records. The first major level of $20,000 was reached in December 2017, spurred by a surge in retail investor interest. However, this peak was followed by a prolonged bear market, during which Bitcoin lost a substantial portion of its value.
Bitcoin reached a new peak in April 2021, with a price of $65,000, fueled by the growing adoption of digital assets among institutional investors and corporate giants.
Then, in November 2021, Bitcoin set another all-time high, reaching $69,000. This surge was driven by both increased institutional interest and rising inflation.
And, on the morning of November 10, Bitcoin’s price hit another historic high of $79,000.
