The Bitcoin reached a historic milestone early on Thursday, surpassing the psychologically important threshold of $100,000, according to Binance platform’s trading data.
The threshold was crossed at 5:33 a.m. Moscow time (2:33 a.m. GMT) as the crypto currency gained 4.49% during trading.
As of 5:42 a.m. Moscow time (2: 42 a.m. GMT) the Bitcoin accelerated its growth, trading at $101,000 (+5.63%).
Experts told TASS earlier that Bitcoin could easily pass the $100,000 mark in the coming days and continue rising, up to the $300,000 level.
Another reason why cryptocurrencies attract investors is because Bitcoin and Stablecoin are seen as potential defensive assets during geopolitical crises.
Bitcoin is a decentralized system of a crypto currency of the same name based on the blockchain technology, which can be mined by any user - system participants. The concept was published in November 2008 by its author (possibly a group of authors) under the pseudonym Satoshi Nakamoto.
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