The sharp rise in price of bitcoin: the reason is named

In recent days, after a long fall, an unexpected rise in the rate of cryptocurrency, and especially Bitcoin, began. Today, May 12, for one Bitcoin on the exchanges gave more than 7400 dollars. Thus, over the month, his course has grown by more than 2,300 dollars.

The main cryptocurrencies are actively growing, and bitcoin has risen above the mark of 6 thousand dollars for the first time since November 2018, and now it has exceeded the mark of 7 thousand dollars. The rise in Bitcoin costs began amid reports that the Facebook social network partially lifted restrictions on advertising digital assets imposed in January last year.

In addition, the Binance cryptocurrency exchange, with which hackers had previously stolen $ 41 million bitcoins, announced that it would pay damages to its customers.

Against the background of this news, the Bitcoin rate, per day, from May 9 to 10, increased by 4.02% – to $ 6,296 with a capitalization of $ 111.3 billion. Ethereum by this time went up by 2.47% – up to $ 174.1 with a capitalization of $ 18.5 billion. An additional positive for this cryptocurrency was the message that the test network was launched for Ethereum 2.0 – a large-scale network update is currently being prepared, which will increase its security and throughput. Other main cryptocurrencies have risen in price. The total capitalization of the crypto market before the weekend reached a level of $ 192.3 billion.

By the way, the head of the Galaxy Digital Digital cryptocurrency merchant bank, Mike Novograz, told CNN that bitcoin will beat its own price maximum within 18 months. Recall that the highest cost of the course in the history of Bitcoin reached at the end of 2017, exceeding 20 thousand dollars. He believes that the nearest abroad for Bitcoin is 10 thousand dollars.

But not everyone is so optimistic. Let’s add that recently world-famous investor and head of Berkshire Hathaway, Warren Buffett, criticized bitcoin, calling it a tool for gambling.