The value of the cryptocurrency Bitcoin reached RM253,250.90 yesterday which made it the highest since mid-November 2021. Bitcoin continued its upward trend since December 2023 where it reached the value of RM200,000 for the first time in two years.
This morning the value of Bitcoin has dropped back to RM 250,962 which is still high after plunging briefly to RM243K yesterday evening. For Bitcoin investors this trend is certainly very pleasing because a year ago the value plunged to around RM109K only due to post-pandemic economic factors and scandals involving FTX and Binance.
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BUSINESS & MONEY