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Bitcoin Approaching $30k As Crypto Market Booms Heading Into 2021

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deadline.com
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As the year draws to a close, not only is the US stock market approaching record highs, but a touted alternative to the existing financial system is also booming.Bitcoin is now trading over $29,000 per single coin, up more than 24% in the last seven days alone.

It’s blown past its previous high of $20,000 and is likely to top the $30,000 mark by the end of the weekend if it keeps trending in its current direction.Bitcoin is a digital currency that is created by “mining” a blockchain, which rewards users who solve complex equations.

Although some liken it to the tulip craze and other speculative investments, it has attracted numerous world class investors and financial institutions, particularly in the last six months.Only 21 million Bitcoin

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