Bitcoin became “bullish” on the first day of 2018

On January 1 the price of Bitcoin went up on several major exchanges. The trading volume also increased after the coin completed the week with weak indicators.

Img. source: coinmarketcap.com
The average Bitcoin’s price during the last 24 hours went up by 5,71% to 13,834. The trading volume reached $10,89 billions. The market capitalization - $232,05 billions. The highest price is on South Korean exchange Bithumb - $17,752.

The head of the trading department of Finnix Invest, Evgeni Chekai, believes that Bitcoin will not strengthen its positions until it becomes a means of payment. But now it is difficult to implement, since new cryptocurrencies perform operations faster than BTC, and at the same time take less commission. According to the analyst, Bitcoin developers need to create and promote branches that will keep the project afloat.

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