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Bitcoin Hits Price Above $10000


The largest crypto Bitcoin after being in arrange for last few weeks on Sunday hit price levels over $10000 for the first time.

Also, the bitcoin other than suffering the pandemic related blow also met with bitcoin halving on may 11, which reduce the reward for those who mine bitcoins to to 6.25 new coins from 12.5.

Bitcoin Hits Price Above $10000

The process of bitcoin halving has impacted the supply of bitcoin and simultaneously increased the time required by miners to get hold of their break even point. On Sunday, the cryptocurrency hit highs of $10,200.

Read more about: bitcoin
Story first published: Monday, July 27, 2020, 12:47 [IST]
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