30.12.202013:07 Forex Analysis & Reviews: Bitcoin's bullish trend is in full swing, continuing growth

The leading cryptocurrency continues to show pleasant surprises before this year ends. This morning, Bitcoin's price surpassed the $ 28,000 mark, continuing the upward trend. It slightly declined afterwards, but remained in an upward trend.

At the start of trading on Wednesday, December 30, the main cryptocurrency updated its all-time high, currently rising above $ 28,500. The price of bitcoin has risen by more than $ 2,500 within the day, and its market capitalization exceeded $ 524 billion for the first time. It was $ 39.7 billion a day ago.

According to the Internet portal CoinMarketCap, the leading digital asset rose by 6.81%, that is, to $28,053. After that, its price dropped slightly and was trading near $27,690-$27,720 towards the middle of the day, trying to consolidate at the reached heights. It should be noted that bitcoin accounts for 69% in the global cryptocurrency market.

Based on analysts' observations, Bitcoin showed a full-swing growth in the second half of December. It exceeded its all-time high of $ 20,042 during the middle of this month, which had been maintained for three years. Since then, the price of bitcoin has been breaking records. Experts believe that this trend will continue in 2021.

They are unanimous in the opinion that the main cryptocurrency will retain its leadership in the market next year. Moreover, Bitcoinist Internet portal's analyst, Yashu Gola, previously named three reasons for the price growth of Bitcoin to $ 30,000 by the end of this year. Various factors such as the Central Banks' imposition of fiscal measures to support the economy, a new stimulus package signed by the US government, the emergence of institutional investors in the crypto market and an increased interest of retail investors in digital assets, prevail.