Amid sudden drops, the price of the top cryptocurrency, Bitcoin, has crossed $105,000 for the first time since January 31. This amount is over BDT 12,747,000 in Bangladeshi currency.
According to data from the Binance platform, Bitcoin's price increased by 0.34% in the early morning, reaching $105,032.
Following Donald Trump's victory in the US presidential election, Bitcoin's price surged rapidly. Before the election, its price peaked at $73,000. Afterward, it crossed $96,000 and eventually broke records by surpassing $100,000.
At that time, crypto experts told the news agency TASS that Bitcoin's price would easily exceed $100,000 and could even reach $300,000.
Bitcoin is a decentralized system of cryptocurrency based on blockchain technology. Any user or participant can purchase it. The concept was first published under the pseudonym "Satoshi Nakamoto" in November 2008.