Bitcoin breaks records again and passes $ 5,200 in value

Bitcoin's journey is without a doubt a roller coaster. The virtual currency par excellence suffers enormous fluctuations, going from the most absolute euphoria to historical lows that many think that its end is near. The month of September was difficult for the currency with losses of 40% in value. But, it seems that in October it is taking flight.

Bitcoin breaks records again and passes $ 5, 200 in value

One of the main reasons September was complicated was China's decision to block cryptocurrencies in the country. A very hard blow to the coin. In addition, other countries such as Russia are also working on these types of measures. So the currency dropped to around $ 3, 000 in value.

Bitcoin rises again in October

But the arrival of October seems to have done Bitcoin very well. In these weeks it has risen again and we see how each day its value closes again with rises. So it was to be expected that in some of these days the currency will reach its maximum historical value. That finally happened yesterday. Bitcoin exceeded $ 5, 200 in value.

In this way, in less than a month the coin has climbed 60% in value. So far this year, the value of Bitcoin has risen approximately 400%. These are spectacular figures, although they raise doubts among experts about its long-term stability.

Many experts have ensured that the coin will exceed $ 6, 000 in value before the end of the year. Something that seems to be fulfilled soon, at least to follow this trend. Although, many also point out that this bubble will burst soon. We will see if these predictions come true in the coming months.