The exchange rate of Bitcoin (BTC) against the Russian ruble reached a new all-time high and exceeded 7 million. At its peak, the price of the cryptocurrency on October 30 reached 7.17 million rubles, according to data from CoinMarketCap. At 16:25 Moscow time, the value of BTC is $71,782 (almost 7 million rubles at the Central Bank exchange rate as of October 30).
Author:
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On January 1, 2024, Bitcoin was worth about 3.77 million rubles. Since the beginning of the year, the price of Bitcoin in rubles has increased by 86%. Relative to the US dollar during the same period, the growth was 71%.
Last night, the exchange rate of Bitcoin against the dollar reached its highest level since March 14, 2024, when a record was set for its price, RBC writes. The price on Binance rose to $73,620.
Bernstein analysts called their forecast that Bitcoin’s value will rise to $200,000 by the end of 2025 as conservative. They believe the cryptocurrency price will surpass $500,000 by the end of 2029 and reach $1 million in 2033. Traders Options analysts expect Bitcoin to hit a record high of $80,000 by the end of November, regardless of the outcome of the US presidential election.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
