Dec 31, 2020
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Bitcoin hits another record in value

Bitcoin price rose to a new all-time high during trading and exceeded $ 28,500.

The cryptocurrency rate as of 18:08 rose by 4.7% compared to previous trades and amounted to $ 28,131. Other cryptocurrencies also rise in price: Ethereum – by 1.5%, to $ 734.6, Litecoin – by 0.3% to $ 126.69, Bitcoin Cash – up 0.9%, to $ 351.4.

Since the beginning of December, bitcoin has risen in price by 47%, which was the most serious rise in price since May 2019. transfers Trading Economics. In total, this cryptocurrency rose in price four times in 2020, which experts explain by the interest from institutional investors.

The previous record for the cost of Bitcoin was updated on December 27 – then the cryptocurrency was valued at $ 28,028.

As wrote, the Russian government wants to recognize digital currency as property, which will allow tax authorities to demand from banking organizations statements of accounts used for operations. On December 1, a bill on amendments to the Tax Code was introduced to the State Duma, which is intended to regulate the taxation of cryptocurrency and its status.

The explanatory note to the document states that cryptocurrency is often used for tax evasion, money laundering, and also for financing illegal activities.

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