What Is Cryptocurrency

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BTC dropped to $5,000 in March 2020, as it was not immune from the broad-primarily based promote-off across the monetary markets at the beginning of the worldwide Covid-19 pandemic. However, it rebounded and rallied strongly throughout the remainder of the year to surpass the previous all-time excessive and reach $29,000 by the top of December. The rally continued in early 2021, as the cryptocurrency rocketed to $58,330 in February before slipping back.

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In 2019 Litcoin continued its worth growth by trading at $31.Ninety four by early January. Surprisingly, the price followed an upward movement to succeed in $141.38 by the end of June as Bitcoin’s worth hit $12,000. The price again started to slide additional. At the end of December 2019, LTC was buying and selling at $42.23.