Bitcoin rose to the highest levels of $ 17,000, recording its highest levels in 3 years, after the turmoil that the digital currency has witnessed since its launch in 2009. But demand has returned to increase in digital currencies due to the uncertainty in global markets due to the spread of the Corona epidemic.
However, some investors cautioned against viewing cryptocurrencies as a "safe haven". Today, Bitcoin has risen by more than 7%, reaching levels not seen since December 2017.
Some believe that the resurgence of Coronavirus infections around the world and renewed concerns about closures contributed to supporting the demand for currency, despite the positive news recently issued regarding a vaccine with an effectiveness rate of more than 94% by Moderna.
Nevertheless, concerns about fraudulent trading in cryptocurrencies still remain after a series of high-profile breaches.