Bitcoin surpassed the $16,500 mark on Tuesday’s session to hit a three year high with cryptocurrencies gaining in popularity among investors driven by news that Global Central banks are paying more attention to digital currencies. Bitcoin’s trading volume jumped by 25.39% over the past 24 hours.
| 1 Week | +9.27% | ||
|---|---|---|---|
| 1 Month | +47.22% | ||
| 3 Months | +36.06% | ||
| YTD | +133.42% | ||
| 1 Year | +96.87% | ||
| 3 Years | +118.02% | ||
| 5 Years | +4878.79% |
Meanwhile, Citibank has released a report that suggests the price of Bitcoin could surge to as much as $318,000 by December 2021.
According to Coindesk, the Citi analyst behind the report drew on bitcoin’s 2010-2011 “exponential move” as being “very reminiscent” of the 1970 gold market.
