Breaking-Finance.Com - It's a happy new year for holders of bitcoin, with the value of a single coin surging past the $34,000 mark on Sunday. The cryptocurrency entered the New year wth a bang, reaching an all-time high of $30,000 on 2 January.The pandemic, and growing institutional investor activity in the market, has put rocket boosters under bitcoin.

. The soaring price has raised concerns that Bitcoin is due for a dramatic correction, as happened three years ago when the value collapsed after a bull run.Indeed, by mimorning UK time the cryptocurrency had shed many of its gains, dropping 13% to a little over $29,000.

Source = Breaking-Finance.Com

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