Bitcoin surpassed the $30,000 mark for the first time since June, and broke through a 10-month high above $30,000, after being freed from its trading range recently. The cryptocurrency has been trapped in the $26,500 to $29,400 range for the past three weeks.
Today, the world is witnessing a trend towards Bitcoin as a safe haven like gold, which proves the homogeneity between their prices in the past period. With expectations that Bitcoin will become the electronic alternative to gold, where the market value of gold is currently estimated at about $ 10 trillion and Bitcoin is $ 1 trillion.
Source (Al-Arabiya.net Website, Edited)
