Bitcoin Price Climbs to Nearly $24,000

One Bitcoin as of Monday morning December 21 is worth $23,855.20.

At the end of last week the blockchain plummeted to a fresh all-time record, and has since proceeded to grow.

The news will raise the multitude of crypto-related gambling firms that remain on the market, though there are concerns about the instability of Bitcoin's.

Despite its recent spikes, driven by funding from PayPal's likes, Bank of England Governor Andrew Bailey warned in October about the cryptocurrency keeping "intrinsic value" as quoted by the BBC.

But the new numbers are likely to impress blockchain supporters, traders, and investors.

Bitcoin, the world's biggest blockchain, in 2015 was worth $327, and has since undergone a variety of highs and troughs.

It peaked at $19,650 in December 2017 but was worth $3,400 only a year later. Bitcoin reached nearly $12,000 in mid-2019, before fell down to $5,000 this year in March – during a period when markets across the globe collapsed as a result of the COVID-19 pandemic.

A slow increase continued until October, until the valuation of the cryptocurrencies dramatically increased.

Onlookers will be anxious to see if this pattern will persist, or whether there will be another drastic decline in the near future.

It would be similarly interesting to know why this is causing an rise in the worldwide use of crypto for games.