Bitcoin rate exceeded $ 700
That's $ 400 more than last year.
The Bitcoin cryptocurrency rate has, as it is now fashionable to say, high volatility. Three years ago, the Bitcoin rate against the dollar exceeded $ 1000, then the rate plummeted, to $ 200, and began to grow again. Now this figure has already exceeded $ 700.
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As you can see, the active growth of the value of virtual money began in May. For example, at the end of May, the rate exceeded $ 450, and already on June 10, Bitcoin could be bought for $ 570 and higher. After that, the rise in the cost of cryptocurrency has not stopped, and now it has already reached $ 702.
Why is the course growing? Financiers explain this by the fact that China is now in a crisis (of course, relative), the rate of the national currency is weakened by the Central Bank, and Chinese citizens are paying attention to alternative capital preservation tools. The yuan against the dollar has now fallen to a five-year low. In addition, banks, tech corporations, and investors are interested in cryptocurrency. Experts say that the course is influenced by the UK’s interest in the topic of leaving the European Union.
In addition, the gradual complication (and consequently, the rise in price) of bitcoin mining also affects the course. Rather, the gradual "depletion of the resource" attracts investors, many of whom are confident that the course will grow only due to the complexity of mining. This forms a steady demand that warms the market even more, and the rate is growing much more actively than it should have grown under normal conditions.
Most likely, in the near future, the course Bitcoin will continue to grow, because now the factors that provoke the growth rate, are very strong.
Other cryptocurrencies are also growing. Back in March at Geektimes it was reported that the rate of Ethereum rose about 13 times. The reason is the same - interest from investors and such giants as JPMorgan Chase, Microsoft and IBM. According to some experts, Ehereum is an advanced Bitcoin, so to speak, Bitcoin 2.0. Ethereum, however, is still an experimental cryptocurrency, while Bitcoin is considered by many to be an old and reliable means of payment, as well as a tool for investment.
The Bitcoin cryptocurrency rate has, as it is now fashionable to say, high volatility. Three years ago, the Bitcoin rate against the dollar exceeded $ 1000, then the rate plummeted, to $ 200, and began to grow again. Now this figure has already exceeded $ 700.
')
As you can see, the active growth of the value of virtual money began in May. For example, at the end of May, the rate exceeded $ 450, and already on June 10, Bitcoin could be bought for $ 570 and higher. After that, the rise in the cost of cryptocurrency has not stopped, and now it has already reached $ 702.
Why is the course growing? Financiers explain this by the fact that China is now in a crisis (of course, relative), the rate of the national currency is weakened by the Central Bank, and Chinese citizens are paying attention to alternative capital preservation tools. The yuan against the dollar has now fallen to a five-year low. In addition, banks, tech corporations, and investors are interested in cryptocurrency. Experts say that the course is influenced by the UK’s interest in the topic of leaving the European Union.
In addition, the gradual complication (and consequently, the rise in price) of bitcoin mining also affects the course. Rather, the gradual "depletion of the resource" attracts investors, many of whom are confident that the course will grow only due to the complexity of mining. This forms a steady demand that warms the market even more, and the rate is growing much more actively than it should have grown under normal conditions.
Most likely, in the near future, the course Bitcoin will continue to grow, because now the factors that provoke the growth rate, are very strong.
Other cryptocurrencies are also growing. Back in March at Geektimes it was reported that the rate of Ethereum rose about 13 times. The reason is the same - interest from investors and such giants as JPMorgan Chase, Microsoft and IBM. According to some experts, Ehereum is an advanced Bitcoin, so to speak, Bitcoin 2.0. Ethereum, however, is still an experimental cryptocurrency, while Bitcoin is considered by many to be an old and reliable means of payment, as well as a tool for investment.
Source: https://habr.com/ru/post/369363/
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