The value of the digital currency bitcoin exceeded $25,000, on Sunday it crossed 28 28,000 but later fell.
According to the international website, the price of the world’s most famous cryptocurrency bitcoin has crossed the limit of $25,000 for the first time and also set a record of reaching $28,000.
The value of the bitcoin crossed $28,000 on Sunday but fell to between $26,000 and $27,000 on December 28.
At present, the value of one unit of BTC has reached more than $26,700 dollars (about 4.3 million Pakistani rupees).
The market value of this digital currency reached $500 billion for the first time on Sunday.
Bitcoin crossed the $20,000 mark for the first time 12 days ago and looks set to hit the $30,000 target this week. It has attracted a many investors this year who are interested to buy it for potentially instant profits.
Investors are investing in bitcoins and other cryptocurrencies during the Code 19 epidemic.
Such fluctuations in BTC prices are not new, as seen in 2017, but analysts say prices are more likely to remain stable this time around than in the past.
According to analysts, the corrupt currency is being bought by more investors at the company level.
He said that investors are also interested in cryptocurrency because they see more opportunities in this sector in the future.
The currency had risen more than 900 percent in 2017 to close to $20,000, but financial experts warned that the price could fall sharply.
Then it happened and in February 2018 the price went below $7,000.
Given the rise in the value of bitcoin, some experts have predicted that this trend could continue in the coming weeks.
Some experts believe that bitcoin could be an alternative to gold as it is being accepted by big companies like PayPal.