What Influences the Price of Bitcoin?

Bitcoin Rises to an All-Time High

Last week, the price of Bitcoin rose to its all-time high above $61,000 to almost reaching the $62,000 mark. According to Coindesk.com, the all-time high was $61,556.59. However, this week on Monday as bears took over, the price dropped to almost $54,000. Over this week since the price drop on Monday, Bitcoin has been able to gain value and rose to a high of about $60,083 on Thursday. Bitcoin has…