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Bitcoin has reached a new historical high, crossing the $110,000 threshold for the first time, according to data from the trading platform Binance.
At around 02:27 AM Moscow time (23:27 GMT), the cryptocurrency's price rose by 3.65%, reaching $111,000. However, a few minutes later, the price underwent a slight correction, falling to $109,600, with a total daily increase of 2.59%.
Market experts, quoted by the Russian news agency TASS, have predicted that Bitcoin's growth may not stop there. According to them, the world's largest digital currency has the potential to reach up to $300,000 in the medium term, reflecting the growing institutional interest and stability of blockchain technology.
Bitcoin, first introduced in November 2008 by an author (or group of authors) under the pseudonym Satoshi Nakamoto, is a decentralized system that operates without a central bank or financial intermediary. Transactions are verified and stored in a public ledger called the blockchain, while new units of the currency are created through the process of mining.
The current price surge is being considered one of the strongest waves in Bitcoin's history and comes at a time when global financial markets are facing volatility and high inflation.
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