Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin Crosses $51,000 on Christmas Eve

Bitcoin Crosses $51,000 on Christmas Eve

Kelly Cromley by Kelly Cromley
Dec 24, 2021
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

On Christmas Eve, the value of Bitcoin soared above $51,000, the highest level in more than two weeks and the highest since November. The value of the world’s biggest and oldest cryptocurrency has increased by almost 7% in the last few days. While writing this report, the value of the numero uno cryptocurrency was $51,298, an increase of 5% in the last 24 hours.

This increase was a consequence of a general uptick in confidence in the financial markets. So far in 2021, the digital asset — which is renowned for its volatility — has climbed by around 76 percent. After reaching a record high of about $69,000 earlier in the month, Bitcoin’s value had plummeted by more than $18,000 by the end of November.

Throughout the previous decade, the price fluctuation of Bitcoin has caught the curiosity of a large number of individuals. So far, the year 2021 has shown to be an interesting one for numerous cryptocurrencies, with Bitcoin and its price proving to be the most notable. In April and May, the price of bitcoin reached fresh highs for the first time.

While Bitcoin first saw a flurry of activity, it soon began to slide into a downward spiral. Since the introduction of the first-ever Bitcoin futures exchange-traded fund (ETF) in October on the New York Stock Exchange (NYSE), the trend has remained bleak. It trades on the NASDAQ under the ticker symbol BITO. This was a watershed event in the history of cryptocurrencies, and it was widely seen as another step toward mainstream investment.

All of the debates over the amount of energy required to mine Bitcoin had an influence on the value of the cryptocurrency in the meantime. However, on September 7, El Salvador became the first government to accept Bitcoin as legal cash, making it the first country to utilize the cryptocurrency as a way of exchanging goods and services. In a manner, El Salvador’s decision may serve as an example for other nations in the area who may want to follow in its footsteps.

Investors made significant returns in November, when the price of Bitcoin reached about $69,000 per coin. However, their joy was short-lived, since the World Health Organization (WHO) declared an epidemic of the Omicron COVID strain shortly after. The price of cryptocurrencies fell as a result of this once again.

What will happen now, with this new jump in price, is whether Bitcoin’s value continues to grow or if it will plummet again. As of right now, it is an unsolved question, and only time will tell whether or not it will be addressed. Meanwhile, the second-largest cryptocurrency in the world, Ether, was trading at $4,100.

Previous Post

DeFi Protocol Terra Records $21bln in TVL

Next Post

Gift Cards Platform GiftChill Starts Accepting Crypto Token Solana (SOL) as Payment Method

Related Posts

kazakhstan-unveils-solana-economic-zone

Kazakhstan Unveils Solana Economic Zone for Web3 Growth

by Kelly Cromley
Jun 23, 2025
0

Kazakhstan has formally introduced the Solana Economic Zone Kazakhstan (SEZ KZ), becoming the first country in Central Asia to establish...

space-id-partners-with-enkrypt-wallet

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
0

SPACE ID has expanded its service capabilities through a strategic integration with the Enkrypt wallet, aiming to streamline crypto transactions...

iost-signet-ring-biometric-wearable

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
0

The evolving Web3 landscape is witnessing a growing emphasis on digital identity technologies, especially as a response to rising concerns...

arichain-partners-with-hero

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
0

Arichain, a decentralized platform recognized for its developer-centric infrastructure and scalability, has embarked on a strategic collaboration with HERO, a...

web3-decision-partners-with-arichain

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025
0

Web3 Decision, a recognized provider of AI-driven and quantum-secure technologies for blockchain applications, has launched a strategic partnership with Arichain,...

filecoin-partners-with-avalanche

Filecoin-Avalanche Pact Unlocks Multi-Chain Storage Power

by Kelly Cromley
Jun 23, 2025
0

In a key development for the blockchain ecosystem, Filecoin and Avalanche have unveiled a strategic collaboration aimed at creating a...

Next Post
Gift Cards Platform GiftChill Starts Accepting Crypto Token Solana (SOL) as Payment Method

Gift Cards Platform GiftChill Starts Accepting Crypto Token Solana (SOL) as Payment Method

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

kazakhstan-unveils-solana-economic-zone
Market News

Kazakhstan Unveils Solana Economic Zone for Web3 Growth

by Kelly Cromley
Jun 23, 2025
space-id-partners-with-enkrypt-wallet
Market News

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
iost-signet-ring-biometric-wearable
Market News

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
arichain-partners-with-hero
Market News

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
web3-decision-partners-with-arichain
Market News

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree