Following its sudden drop by nearly 10% on Wednesday, bitcoin price recovers, hitting the mark of $5.667 today.
Bitcoin hit a new record, currently trading at $5,297.39.
BitcoinIRA, the worlds first company which revolutionized retirement industry, attracts more and more investors despite all the associated risks and assets’ volatility.
Bitcoin has recently been the focus of media and investors attention as both a long-term safe haven asset and digital currency.
Strong demand for bitcoin continues to drive the price of the digital currency, which already reached more than $4,500 on the South Korean digital exchange.
Bitcoin keeps on surging – in total, the cryptocurrency has risen over 33 percent for the last month.
The current price slump is strongly connected with attempts of China to shore up the yuan.
Bitcoin offers instant and anonymous transactions, which made the cryptocurrency gain increased popularity in 2016.
Bitcoin experts emphasize a correlation between the financial problems in India and a bitcoin price rise.