Bitcoin value hits all-time high of $100,000, reports Binance platform data

The #Bitcoin reached a historic milestone early on Thursday, surpassing the psychologically important threshold of $100,000, according to Binance platform’s trading data. The threshold was crossed at 2:33 a.m. GMT as the crypto currency gained 4.49% during trading. As of 2: 42 a.m. GMT the Bitcoin accelerated its growth, trading at $101,000 (+5.63%).

According to analysts, there are several reasons behind the increase in cryptocurrency prices. The reasons particularly include US President-elect Donald #Trump’s ambitious plans to turn the United States into a global cryptocurrency hub and review the US Securities and Exchange Commission’s regulatory policies.

Another reason why cryptocurrencies attract investors is because Bitcoin and Stablecoin are seen as potential defensive assets during geopolitical crises.

Bitcoin price hits all-time high, exceeding $89,000

The price of bitcoin hit another all-time high, exceeding $89,000, according to data from Binance. As of 01:07 UTC, the price of bitcoin fell and reached $88,200.

Bitcoin is a decentralized system of a crypto currency of the same name based on the blockchain technology, which can be mined by any user - system participants. The concept was published in November 2008 by its author (possibly a group of authors) under the pseudonym Satoshi Nakamoto.

Bitcoin extends gains to $80,000
The price of #bitcoin renewed its all-time high, rising to $80,000, Binance platform data showed as of 11:59 a.m. UTC At 12:20 p.m. UTC, Bitcoin traded lower at $79,500.

Bitcoin was invented in 2008 by an unknown person or a group of people using the name Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without intermediaries.

The fear of war: thousands of Iranians "escape" abroad

It seems that the war in the Gaza Strip and the fear of a regional war is stressing the Iranians and those who can escape from there do so.

According to Sajjad Borbur, a foreign exchange expert and investment consultant in Iran, in his quotes in a newspaper close to the reformist camp, he warns against the continuation of the phenomenon that causes capital to flee the country at a rapid pace. According to him, during the last three months, that is, since the war in Gaza began, 9 billion dollars left Iran. Borbor explained that this amount is the result of the sale of houses, cars and other property that were sold and converted into foreign currency by thousands of Iranians who left the country.

How unusual is this figure, Borbor claims, that in all of last year the capital that left Iran was 10 billion dollars. If this expert is correct, thousands of Iranians fleeing their country is probably another significant factor that leads to a jump in the dollar exchange rate in recent months.