Amid COVID-19 crisis.. Bitcoin jumps to the highest level since August 2019
Shafaq News / The price of the cryptocurrency "Bitcoin" according to trading data, rose today to the highest level since August 2019 to reach 12 thousand dollars, amid a gradual recovery in the global economy.
Bitcoin is the most popular decentralized digital currency. It appeared in October 2008 and has become a payment system used and approved by many parties today.
According to "Queen Market Cap" portal, which collects data on more than 20 trading platforms, the price of bitcoin increased from 07.03 Moscow time, by 4.91 percent to 11.918 dollars. On the other hand, the leading cryptocurrency exchange, Finance, increased by 5.41 percent to $11,980.
It is worth noting that the Bitcoin digital currency continued to rise and harvested many gains, in light of the crises facing the world economies due to the spread of the COVID-19 pandemic and the precautionary measures taken by the countries to confront it.
The reason for the rise, according to economist Abdel-Rahman Al-Tarif, is that the Bitcoin currency was a "safe haven, which people began to flee to after COVID-19 crisis, which led to this rise in price".
Al-Tarif pointed out, "many investments went to this type of currency, in light of the impact of the pandemic on closing large sectors of investments all over the world".
