The cryptocurrency bitcoin has exceeded 111,000-dollar mark for the first time. The upswing is happening simultaneously as the New York stock exchange has fallen back recently due to stock market anxiety.
Bitcoin has otherwise traditionally followed the development, primarily the technology-heavy Nasdaq index, writes CNBC, but recently, a number of positive news for the cryptocurrency market has driven the development.
Among these, it is worth noting that the CEO of the major bank JP Morgan, Jamie Dimon, previously a skeptic towards bitcoin, has announced that the bank will allow customers to buy the cryptocurrency.
