News > Bitcoin scales fresh high of $30,850 after gaining over 300% in 2020

Bitcoin scales fresh high of $30,850 after gaining over 300% in 2020

E-News | 02/01/2021 08:30 PM | Click to read full article

Bitcoin price soared over $30,000 mark as the price hit a new all-time high of $30,850.15 during the intraday on January 2. Bitcoin has gained more than 300 per cent or $21,753 in 2020.

Plunging interest rates and massive bond-buying programmes by central banks across the world have increased demand for the cryptocurrency, seen by some investors as a hedge against inflation due to its capped supply and benefited from the coronavirus pandemic.