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Why has Bitcoin grown?

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< p>Bitcoin managed to survive the highest price jump for the better in several months. On the BitMEX cryptocurrency exchange, it was $ 5,100. This is a record high of 2019. This situation will lead to the fact that the value of the digital currency will be the same as it was in November last year. The market capitalization, in turn, will exceed $ 50 billion.

So, why did Bitcoin rise? What is the reason for this? The answers to these questions are of interest to many fans of cryptocurrency. More recently, the PTS grew by 15.22% and amounted to $ 4,775. For 1 day, the digital asset increased by $ 14 billion. It is also important to take into account the fact that other popular cryptocurrencies that are in the TOP 20, the digital asset to the market capitalization also added 4-28%.

Mining & nbsp; Ethereum & nbsp; is trading at the level of 157.47 CU. This indicator exceeded the previous one by exactly 10.69%. Recently, Ethereum has been showing positive changes. In one week, it increased by 17%. Breaking the barrier of $ 150, the market capitalization of mining at the moment amounted to $ 15.8 billion. dollars.Another popular cryptocurrency, XRP, which occupies the third place in terms of capitalization, grew by 12.85% in 1 week, and by 9% in the last day.

Experts say that the price increase is directly related to the bull market and the long-term stay of the exchange rate at one mark (4200 USD). Bitcoin, in turn, has been consistently at around 4000 USD for several months. The analyst of the eToro trading platform explains such a sharp jump in the well-known cryptocurrency by the fact that the market has stagnated at this level for a long time. 

It is worth remembering that the most critical year for Bitcoin was 2018. It fell by more than 76%. Of course, the current situation leaves much to be desired, but it has stabilized. Recall that the maximum success of the cryptocurrency reached in 2017. Then there was a record high of $ 20,000.

Naim Aslan (analyst at Forbes) says that 2019 is quite a good year for this cryptocurrency, since it has been actively growing for 3 months in a row. This period gave a strong boost to price growth (compared to the current situation at the end of 2018). Such success can lead to an increase in money, since the BTC rate has been increasing over the past 5 weeks.

In the World Wide Web, there are different opinions about the Bitcoin jump.Samson Moe jokingly stated that this may be due to the purchase of cryptocurrency by investors. Fake was the news that the famous tycoon Warren Buffett was buying up BTC. 

In a tweet, Binance CEO Changpeng Zhao wrote that the only true reason why this situation occurred may not be at all.

Author: Admin
3 April at 14:43
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