Bitcoin broke records in Iran

The price of bitcoin has reached more than two billion tomans for the first time in our own money, considering the Tether rate of 50,400 tomans. At the same time as Bitcoin broke records in Iran, the value of the crypto market increased to more than 1.5 trillion dollars after a year and a half, and Bitcoin’s share of the current market balance has reached about 52%.

The current price of Bitcoin this morning, Sunday, December 12, was 39 thousand 415 dollars, which means 1 billion 987 million Tomans in our own money.

Of course, the current price of bitcoin has risen to 39 thousand 640 dollars in the previous day and night, which, including the rate of 50 thousand 440 tomans of Tether, is equivalent to 2 billion 1 million 896 thousand 430 tomans. In this way, the price of Bitcoin has crossed two billion tomans for the first time in Iran. On the other hand, Bitcoin crossing the $39,000 mark has placed it in the best position since May 14, 1401, and now the market leader of the digital currency market is on the verge of conquering the $40,000 channel.

Setting two new records in the digital currency market

The digital currency market value has reached the highest level since May 18, 1401. Coinciding with the conquest of the $39,000 stronghold by Bitcoin, the current total assets of the digital currency market are estimated to be around $1.553 trillion, and this number is unprecedented in the past 17 months.

The value of the digital currency market had decreased by 829 million dollars during this period, but with the start of the new upward trend of Bitcoin, this number has almost doubled. On the other hand, the increase in the price of Bitcoin has coincided with another record.

While the price of Bitcoin is on the verge of reaching the $40,000 channel, the share of this digital currency in the total assets in the crypto market reached about 52%, and this number is unprecedented in the history of Bitcoin since May last year.

Registering 130% annual return of Bitcoin

The price of Bitcoin is getting ready to enter the $40,000 channel, where its investors achieved a 130% profit compared to a year ago.

Bitcoin was worth around $17,000 a year ago, and within 12 months, nearly $23,000 has been added to the price of Bitcoin. In the meantime, Iranian Bitcoin investors pocketed more profit from the increase in the dollar rate; Something close to 225%!

The impact of Bitcoin on the digital currency market trend

The price of Ethereum, as the second best cryptocurrency in the world, has reached an annual peak. Each Ethereum unit is traded today, Sunday, December 12, equivalent to two thousand and 155 dollars. The chart of Ethereum shows that the second best cryptocurrency in the world managed to be in this position after May 1401.

The rise in the price of Bitcoin has been noted by recording positive daily returns for most digital currencies. So that within a day, four percent was added to the price of Solana, or SOL, and the daily yield of Ripple, Cardano, and Dogecoin, which are among the top 10 cryptocurrencies in the world, are also positive. In the meantime, things did not go well for Binancecoin and its holders suffered half a percent loss.

Bitcoin price prediction

In order to continue its upward trend, Bitcoin must be able to cross the resistance barrier of $39,800 in the first step. Forecasts show that if the digital currency market leader successfully crosses this line, then the $40,125 and $40,415 bastions will be available. The pessimistic scenario is that if Bitcoin does not have the strength to defend the $39,000 barrier, there is a possibility of falling to the $38,500 mark.