Bitcoin passes US $30,000 | Daily News

Bitcoin passes US $30,000

The virtual cryptocurrency hit $30,823.30 at 13:13 GMT on Saturday, just weeks after soaring above $20,000 for the first time.

In the past year, Bitcoin has almost quadrupled in value thanks to interest from large investors looking for rapid profits. Some analysts think it could rise even further as the US dollar drops further. While the value of the US currency rose in March at the start of the coronavirus pandemic as investors sought safety amid the uncertainty, it has since dropped due to major stimulus from the US Federal Reserve.