After institutional investors such as the asset manager Fidelity or large companies such as the payment service provider PayPal, for example, recently helped the Bitcoin price to new highs in terms of market capitalization and the price in the middle of the month to around 15. 000 US dollars the cryptocurrency has now reached a new record high in price: On Monday evening, Bitcoin traded on the relevant exchanges at around 19. 700 US dollars and was higher than never before. The three-year-old record high from the year 2017, after which a strong sell-off to below 3. 000 US dollars followed, is thus exceeded. At the end of 2017 the high was around 19. 700 U.S. dollar. Everyone who has invested in Bitcoin so far and has held it to this day is in the black.

Alone in the past 24 hours the rate of the digital currency rose by almost 8%, within a month the price of a Bitcoin even rose by almost 45% to. Since the beginning of the year, the price has been up almost 175%. However, the value of Bitcoin is still very volatile. In order to crack the all-time high, it corrected significantly in the last week and at times dropped to a price of around 14. 500 US dollars, which corresponded to a significant decline in the double-digit percentage range.

The situation from the year 2017 is different than it is today: While back then mainly small retail traders drove the price up, Bitcoin is now becoming more and more suitable for the masses. More and more traditional banks are merging with the crypto universe, large institutional investors are pumping millions into the market by setting up appropriate funds or wanting to further professionalize and simplify trading. Most recently, PayPal, one of the largest payment service providers, announced that it would enable its customers to pay with Bitcoin and other cryptocurrencies in the future. Around 70% of the most recently added coins should be alone in the last few days have been bought by PayPal. Professional investors seem to be propping up the price right now.

Update: After a short correction and consolidation phase, the Bitcoin has finally marked a new all-time high in the last few hours. Currently the price on the relevant crypto exchanges is around 23. 000 US dollars and could thus within the last 23 Hours by over 20% in value .