Bitcoin cost exceeded $ 2000

Yesterday, May 20, the Bitcoin cryptocurrency rate set a new record, for the first time exceeding $ 2,000. According to BPI (Bitcoin Price Index), during yesterday's trading session, the rate increased by 2.62%. Thus, this year the rate has grown by more than 100%.

Now, as they say, the psychological mark has been overcome, so that we can expect a further increase in the value of cryptocurrency. “The psychological level of $ 2000 was overcome, which is an important milestone that will increase interest in Bitcoin and further increase the rate,” said Charles Hayter, CEO of CryptoCompare.

Most likely, Hayter is right, because now many media outlets, even those that have nothing to do with finance or IT, have written about a new record of cryptocurrency. Accordingly, a large number of readers will see this information, and among them there will definitely be those who show interest in this market. Now, by the way, the capitalization of the Bitcoin market has already reached $ 34 billion. The total capitalization of all cryptocurrencies already exceeds $ 72 billion, and in May this figure was approximately $ 50 billion.


Cryptocurrency trading volume rose to a record high on May 5 of this year.
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Interest in Bitcoin is shown by traders who have begun to actively trade in all cryptocurrencies. According to one of the cryptocurrency exchanges, the total trading volume at the time of May 5 exceeded $ 178 million - this is also a record. The number of transactions increased by about 640%.

The gradual growth of the cryptocurrency rate is now influenced by several factors at once. One of the most powerful is Bitcoin recognition from Japan. The fact is that in early April, the Japanese government decided to legalize Bitcoin and other cryptocurrencies.

According to some experts , the popularity of Bitcoin is also promoted by the fact that now there is no political and financial stability in the world. None of the traditional means of payment can not be considered 100% reliable.



Interestingly, according to Google Trends, the popularity of the bitcoin search query has not yet reached the level of December 2013. Then the rate of cryptocurrency began to jump, and then quickly fell.

Regarding the current situation, some experts believe that Bitcoin exchange rate is unreasonably high, which can damage cryptocurrencies and cause a loss of confidence of market participants.