Bitcoin just blew past the $4000 barrier for the first time in its nine year history and now it is trading around $4280. In the last two weeks, Bitcoin’s price has been surging. Almost three days ago, it surged passed $3000 for the very first time, and since then there are no signs of it stopping.
Bitcoin started this upward trend right after its split which created a clone Bitcoin Cash. Apparently, after the split, the investors are more confident about Bitcoin’s future. This price surge has boosted the related business as well. Coinbase, a Bitcoin exchange got $100 million as an investment after the price surge.
Bitcoin is a highly volatile currency and has seen a steep decline as well. In 2014, it lost more than half its value. This happened when, Mt. Gox, then the largest exchange, said it lost Bitcoin of worth half a billion at that time and filed for bankruptcy.
No one can tell if Bitcoin continues this trend and reaches $5000. Some are calling it a bubble about to burst, while others are terming it as the best asset to own this year and are confident that it will reach $10,000 within this year.
According to data from the Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth…
The European Union (EU) has expressed concern over the recent convictions of 25 civilians by…
The State Bank of Pakistan (SBP) has officially declared Wednesday, December 25, 2024, as a…
AKD Securities, the manager of the offer, informed the main stock exchange on Monday that…
ISLAMABAD: On Pakistan Television (PTV), medical experts raised serious concerns over false information on chemotherapy…
OpenAI has introduced Advanced Voice Mode to ChatGPT's desktop applications for macOS apps, enabling users…