Bitcoin breaks new price record after breaking R$ 185,000 in the market

Cryptomeda maintains a wave of appreciation that began in late October 2020.

Bitcoin breaks new price record after breaking R$ 185,000 in the marketNOTÍCIAS

The price of Bitcoin (BTC) continues to appreciate in 2021 and broke a new market record in the early hours of this Wednesday (6), after breaking R$ 185 thousand for the first time.

In the last 24 hours alone, the price of the Bitcoin has risen more than 10% and may continue to break records in the market. At Coinext, for example, on the morning of Wednesday (6) cryptomeda was being quoted above R$ 186 thousand, in the BTC/BRL pair.

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With the price rising in the market, Bitcoin maintains a wave of appreciation that began as recently as 2020. In the last seven days, the price of BTC has risen more than 26%, according to data from CoinMarketCap.

Record price
Bitcoin continues to break price records in 2021, just as it did at the end of 2020. With the recent appreciation of cryptomoeda, in the Brazilian market BTC surpassed R$ 185,000, and in the CoinMarketCap it registered a record R$ 188,364.

Since December 2020, the price of Bitcoin has been breaking consecutive records in dollars, after cryptomoeda was quoted above US$20,000 for the first time.

Bitcoin’s price has risen more than 230% since the last Christmas of 2019
With Wednesday’s valuation (6), BTC’s share price approached US$36,000, which made cryptomoeda worth more than R$185,000 on the BTC/BRL pair.

Meanwhile, in Brazil, Bitcoin faces a wave of appreciation that began soon after cryptomoeda surpassed R$ 70,000 in the market, as recalled by Fabrício Tota, director of the Bitcoin Market, on Twitter.

„The current strong rally started there on October 21, when Paypal announced transactions with Bitcoin to its users. On that day Bitcoin broke the R$ 70 thousand mark“.

Bitcoin price in the last five days (Play/TradingView)

Bitcoin and dollar
In addition to the growth of Bitcoin in the market in recent weeks, the price of cryptomeda has been influenced by the rise of the dollar against the Brazilian real in recent days.

Thus, the price of BTC in Brazilian Reals has risen significantly, with the US dollar currently quoted around R$ 5.28. When Bitcoin broke US$ 20,000 on December 16, 2020, for example, the dollar was being quoted at around R$ 5.08.

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Since then, the US currency has grown by almost 4%, boosting the price of the Bitcoin in the BRL/BTC pair. Although the price of the Bitcoin has fallen by more than R$3,000 after breaking R$185,000 in the last few hours, cryptomime is being priced at around R$183,000, with an 8.52% rise in the market.