Bitcoin price sets new record

Another record-breaking day for Bitcoin

Bitcoin

Bitcoin price sets new record. Source: shutterstock.com

On Sunday, December 27, Bitcoin set a new record of $28,288, according to CoinMarketCap.

As of December 16, Bitcoin exceeded a $20,000 mark, thus starting a series of new records. On December 25, its price surpassed $25,000, and for the next day, it grew by $1,000. At the time of writing, the Bitcoin price dropped to $27,193.

Bitcoin market capitalization is now $506 billion, which puts cryptocurrency under Berkshire Hathaway, the 10th largest company worldwide.

Source: companiesmarketcap.com

According to Coindesk, the main drivers of this record-breaking are institutional investors. One of them is Anthony Scaramucci, who invested $25,000 in December, along with MassMutual ($100 million), and Guggenheim (up to 10% of its $5 billion macro fund).

We’ve reported that the Securities and Exchange Commission has filed an action against Ripple and two of its executives.

SEE ALSO: