As per the market value, Bitcoin is the number one crypto currency in the world by today. People are investing and trading in Bitcoin as it showed highly positive results in less time.
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According to reports, on Sunday, it rose 2.7% and hit the unexpected level of $125,245.57 as the previous high was $124,480 in mid August. It was due to some friendly regulations by Trump’s administration.
What Caused Bitcoin Touching All Time High?
This unprecedented railly is seen supported by U.S. policy optimism. The strong institutional demand and ETF inflow also played key role in breaking all previous records. Another bolstering reason for this scenario is strong concerns of investors over U.S. government shutdown. They believe that the shutdown can push their money into safe-haven assets.
Recent positive gains in U.S. equity market and Bitcoin exchange traded funds provided thrust to reach all time high.
What to do next as a Bitcoin holder?
Bitcoin has witnessed gradual uplifting since its emergence and in recent times, it showed some positive results after many controversies over it.
Market experts showed optimistic approach towards Bitcoin’s future. They advise Bitcoin holders not to get affected by the ups and downs as it has ability to go further in near future.