Why is bitcoin $8000? Bitcoin is a virtual asset. After the ups and downs last year, investors are taking a cautious attitude this year. However, in recent days, with the U.S. stock market continuing to decline, while the uncertainty of global capital market is rising, bitcoin and other virtual currencies are all the way popular. In the morning of May 14, bitcoin rocketed up to more than $8000! What do you think of this?
According to the news on May 14, the price of bitcoin has soared recently. It has broken through the $8000 mark, which is also the highest price of bitcoin since July 2018. The top 20 cryptocurrencies have also risen, and the whole market is in a good condition.
In the past 24 hours, bitcoin rose by more than 12% to $8130, setting a new high since July last year. In weekly terms, bitcoin rose by more than 38%.
At the same time, the global capital market has experienced a crisis. As of the closing of U.S. stocks on May 13, the three major U.S. stock indexes all fell by more than 2%, among which the NASDAQ index fell by more than 3%.
Affected by risk aversion, the international gold price rose. As of the close of May 13, the international gold futures price rose 1.18% to close at US $1301, a new high in nearly a month.
For bitcoin's round of rise, the rise speed accelerated on May 9. In less than three days from May 9, the price of bitcoin soared from $6000 to $7500. Although many investors, including Warren Buffett, believe that bitcoin is worth zero, investing in bitcoin is pure gambling. However, some analysts believe that bitcoin is a combination of hedging assets and risk assets. Judging from its recent performance, some market participants may regard it as a 'safe haven' asset.