Bitcoin rose towards its highest levels ever today, Monday, after falling sharply last week, and accordingly, the cryptocurrency reached levels of $ 19,808.
Bitcoin had risen by more than 170% this year due to the increase in demand for cryptocurrencies due to the tense conditions in the markets after the outbreak of the Corona epidemic, which led major central banks to adopt many facilitative and monetary measures in advance to support the economy.
And last week, Bitcoin, the most popular digital currency in the world, fell by more than $ 1,000, to settle around $ 17,700. Commenting on this, Justin Dianathan, Director of Sales at Diginex, said: “With very high volumes currently but also in leveraged markets, it is expected that there will be this kind of rapid correction after the failure to reach. The highest levels ever. "
According to the Statista, the market value of Bitcoin reached around $ 199.6 billion in the third quarter of 2020.