Bitcoin Is On Fire

Bitcoin, cryptocurrency, and equity markets have all climbed as investors around the world cheered early signs lockdowns in counties around the world are beginning to slow the spread of the coronavirus COVID-19.

The bitcoin price has again crossed the $7,000 per bitcoin level, climbing to $7,170 on the Luxembourg-based Bitstamp exchange—up about $1,000 on the same time seven days ago.

Ahead of the coronavirus crisis, bitcoin investors were upbeat at the beginning of the year, a survey of high-level bitcoin and cryptocurrency exchange users showed last month, with most expecting the bitcoin price to soar to over $20,000 per bitcoin in 2020.

Source: forbes.com