Pitcairn breaks $ 9,000 barrier for the first time

Nov

26

2017

Bitcoin recorded a new record breaking the $ 9,000 barrier for the first time in its nine-year history. The currency rose Sunday to a new record high above $ 9000. The performance of the encrypted digital currency last week helped the price rise By more than 12 percent, and this increase indicates the increased reliance on such currency.

Petrochemical broke the $ 8,000 barrier for the first time about a week ago. Rooney Moas, founder of Standpoint Research, said in a note to customers that the digital currency might go higher, noting that there had been many positive developments over the past five months, Some of the obstacles that were standing in the way of Bitcon were over.

The value of the currency has increased about nine times this year. The total market value of the digitized currency is now more than $ 151 billion. Other currencies also performed strongly this week as the value of Bitcoin Cash increased to $ 1592, The value of the Etherium coin is US $ 485.

This type of currency uses decentralized books and secure encryption for online value transfer. The value of KFH has increased by 650 percent compared to its value on April 20 of US $ 1,200. The surge can be explained by the entry of a wide range of global investors into This market.

The data indicate that the rise in the value of the currency of the currency and other digital currencies has been going on for nearly eight months. The general data available on the Internet for the platform, the largest exchange platform in the United States, which enables it to add 100,000 new accounts before the end of the week, Bringing the total number of accounts for this currency within the platform to 13.1 million accounts.

The currency of KFH is very volatile and often shows wide fluctuations in the price of the encoded digital currency, and is largely criticized for the mismanagement of people. JPMorgan Chase, chief executive officer of JPMorgan Chase recently called the digital currency fraudulent and said the people they invest in are stupid.

At the beginning of 2017, the value of KFH was about US $ 1,000, while the price rose to about US $ 3,500 in August, helping to raise the hopes of analysts that the currency could reach US $ 5000 next year. Analysts Goldman Sachs Goldman Sachs had expected earlier this month to break the $ 8,000 barrier.

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