Bitcoin price: one month above $1000

bitcoin users

Bitcoin price: one month above $1000

According to the Coindesk Price Index (CPI) Bitcoin price has reached a new goal, as it is one month that its value is above $1000. 

The digital currency remained above this value despite any situation as the refusal of the bitcoin ETF related proposal by Cameron and Tyler Winklevoss, and the current debate over how to address the bitcoin’s technical limitations.

It was February 14th – is it a coincidence or a sign of destiny that this happened on the Valentine’s day? –  when Bitcoin price first hit $1000, so yesterday (March 14th) it was one month above this price.

During this month, bitcoin reached its all time high, reaching a value of $1,300. Experts argued that this higher price was a consequence of the hope in the bitcoin ETF approval.

But, if it is true that right after the SEC negative decision, the bitcoin price fell of about 30% ($from 1209 to $1022), it quickly rose again and at press time bitcoin is trading at $1256, so more than 25% above $1000.

As explained by Andreas Antonopoulos on his official Twitter profile:

“If you measure bitcoin’s success by the approval of the incumbent and obsolete industry it replaces, you’re doing it wrong”.

Also, currently a few altcoins such as Ether, Dash, Zcash and more are experiencing new highs.

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Amelia Tomasicchio
Amelia Tomasicchio

Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.

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