LM NEWS 24
LM NEWS 24

Bitcoin Value Surges Past $26,000 At All Time High

Bitcoin, the world’s most popular cryptocurrency, has surged past the USD 26,000 level to set an all-time record high, according to trading data.

On Binance, the largest cryptocurrency exchange by trading volume, Bitcoin was trading at USD 26,286.74, as of 20:45 GMT on Saturday.

According to CoinMarketCap, an aggregator that compiles data from more than 20 brokers, Bitcoin was trading at $26,270.96 as of 20:47 GMT, a rise of 7.36 per cent over the preceding 24 hours.

Experts believe that there is no valid reason behind its popularity other than the enigma around this crypto currency. It is this mystery that often drives users and investors to it.

Mobile or desktop apps are used to create an online wallet for the users, which in turn can connect a Bitcoin exchange to your bank for trading. Apparently, the system seems to be working fine due to a block chain, a continuously growing list of users. (ANI/Sputnik)

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