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Historical price trend of bit stock
Yes165438+1On the morning of October 6, the price of bitcoin approached the mark of $65438 +06000 yuan, and the unit price has exceeded 10000 yuan, with a 24-hour increase of 12%. Compared with the lowest price in March 2020, the price of Bitcoin has increased by nearly 300%.

Bitcoin was born in June 5438 +20091October, and June 5438+065438+1October 29, 2065438. The price of bitcoin broke through100000000 USD for the first time, and its market value was close to17000000000000 USD, and climbed to a record high of $20000 USD on February 9, 2009. Since then, bitcoin prices have fluctuated rapidly. 20 18 in March, the price of bitcoin fell below 1000 USD, and fell below 4,000 USD at the end of the year.

Since 2020, after the price of Bitcoin broke through the 10,000 yuan mark in February, it fell below $4,000 in a short time in the following month, and basically exceeded $65,438+$0,000 after August. This week, the price of Bitcoin reached the highest point in nearly 22 months, breaking through the1.4000 USD and1.5000 USD.

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Boosting factors behind bitcoin's rising market

According to Kang Luzhi, a senior analyst at Firecoin Research Institute, the US election may have a certain impetus to it. He said that although the results of the US election have not been officially announced, Biden has a great chance of winning. Biden chose a huge fiscal stimulus plan for the US economic recovery, so market inflation expectations continued to increase, and the US dollar exchange rate fell to a two-year low. In addition, with the second outbreak of multi-country epidemic, the market demand for hedging has increased to a certain extent.

On the other hand, researchers from China Blockchain Research Institute on the other side believe that there is a high positive correlation coefficient between Bitcoin and European and American stock markets. Recently, European and American stock markets have risen, and the recovery of financial markets has also promoted the market's favor for alternative assets, thus raising the price of Bitcoin.