Bitcoin, the most popular cryptocurrency in the world, rises again after a sharp fall in price
Bitcoin continues to rise in price on Thursday February 15th 2018, reaching 9.7 thousand dollars.
The most popular cryptocurrency in the world, bitcoin, continues to rise on Thursday, reaching 9.7 thousand dollars, according to the data of the auctions.
According to the portal CoinMarketCap, bitcoin grew in price by 11%, up to 9.773 thousand dollars during the morning trading period. At the Bitfinex exchange, the value of the cryptocurrency increased by 10.4%, to 9.711 thousand dollars, on OKEx - by 11.4%, to 9.682 thousand dollars. And according to the portal Coindesk, bitcoin increased by 2.7%, to 9.736 thousand dollars.
Other major cryptocurrencies also grew in value. Ethereum increased by 8.6%, to 937.99 dollars, Ripple - by 9.9%, to 1.16 dollars, Bitcoin Cash - by 6.8%, to 1365.78 dollars, according to the data of CoinMarketCap. The market capitalization of the Cryptocurrency, according to CoinMarketCap, is currently 471.57 billion dollars. The market share of bitcoin at the moment is approximately 35% of the whole market of cryptocurrencies, Ethereum - 19%, Ripple - 10%.
After a sharp drop in price during the previous week all the way down to 6 thousand dollars, bitcoin remained steady at around 8 thousand, and now it recovered significantly and grew in price, approaching 10 thousand dollars.
According to analysts from the CNBC channel, the next technical mark is 11 thousand dollars. Such a level, according to the Bespoke Investment Group analysts, is the pinnacle of a longer downward trend, and experts believe that this resistance break will be necessary. The channel rationalizes the dynamics of the cost of bitcoin with increasing interest from new investors.
Investors continue to digest news from South Korea. On Wednesday, the channel reported that the government of South Korea plans to pay attention to transparency of trade in the cryptocurrency arena and does NOT intend to prohibit digital money. South Korea also plans to develop ways of taxing cryptocurrencies.
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Bitcoin is a cryptocurrency and worldwide payment system.[9]:3 It is the first decentralized digital currency, as the system works without a central bank or single administrator.[9]:1[10] The network is peer-to-peer and transactions take place between users directly, without an intermediary.[9]:4 These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto[11] and released as open-source software in 2009.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies,[13] products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[14] Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.[15]
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yeah, it's a great news, i am so happy for the rise, i hope it keeps rising though and stays for a long time.
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https://steemit.com/bitcoin/@xsid/bitcoin-how-does-it-feel-to-reach-usd10k-this-time
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It is about time the BTC started to rise as many investors have put their trust in it for some time now.
such a great news for all of them who have been waiting so long to see it back in its place. keep updating everyone about it. Thanks for sharing.
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