The price of the digital currency Bitcoin surpassed the level of thirty-four thousand dollars for the first time in light of the growing interest from dealers and investors who believe that it will be the prevailing method of payments.
And the price of the most popular cryptocurrency in the world was traded at thirty-four thousand one hundred and eighty dollars, during today's trading, Sunday, in light of the closure of most other markets during the first weekend of the new year.
Bitcoin has risen by more than three hundred percent over the past year, and fifty percent since it crossed the $ 20,000 mark, for the first time just two weeks ago.
Weeks ago, Bitcoin broke the $ 20,000 barrier for the first time in the history of this digital currency.
Over the past year, the Bitcoin currency has increased in value four times what it was, supported by a large turnout of investors looking to reap quick profits.
Bitcoin trades in the same way as real currencies such as the US dollar and the British pound.
This digital currency is gaining increasing support as an online payment method.
PayPal is one of the most important online businesses that use digital currencies as a method of payment.
The cryptocurrency, however, has proven unstable in the trading arena.
In 2017, Bitcoin had recorded a remarkable high, which was close to breaking the $ 20,000 barrier.
But it also fell to lows under $ 3,300 before that.
Bitcoin also exceeded the value of 19 thousand dollars last November before returning strongly.
Cryptocurrency market uncertainty was discouraging some investors, such as hedge funds and family accounts;
But the tighter control helped calm those fears.
Virtual currencies do not have a serial number and are not subject to the control of governments and central banks like traditional currencies;
Rather, it is only dealt with via the Internet, without a physical presence.