Bitcoin rate exceeded $22 thousand for the first time in history.
Kataryna Habeliia December 16, 2020
Table of Contents
- 1 Bitcoin rate exceeded $20 thousand for the first time in history.
- 1.1 What could affect the cryptocurrency rate?
- 1.2 How did the bitcoin rate affect altcoins?
Bitcoin rate exceeded $20 thousand for the first time in history.
The cost of the first cryptocurrency has updated the maximum set in early December of this year. Over the past three months, it has grown by more than 100%
On Wednesday, December 16, the bitcoin rate on the BitXmi crypto exchange for the first time in history rose above $ 20 thousand.
The last wave of growth in the value of the asset began on December 11, from a local minimum of $ 17.5 thousand. For five days, Bitcoin has risen in price by 14%, since the beginning of September — by more than 100%.
What could affect the cryptocurrency rate?
Over the past week, two major companies have announced bitcoin investments. For example, the investment fund Ruffer with assets of $ 27 billion announced an investment of $ 15 million in the first cryptocurrency, the transaction took place in November. Also last week, the American company MassMutual, whose investment fund exceeds $ 235 million, acquired 5,470 bitcoins for $ 100 million.
The news that Banca Generali, owned by the largest Italian insurance company Assicurazioni Generali, would start working with cryptocurrency could also have a positive effect on the cryptocurrency rate. In 2021, the company will launch a service for storing digital money.
In December, another bank, the largest in Singapore, DBS, began working with cryptocurrency (Read here). He launched a service for storing digital assets and a platform for trading them. Service users will be able to buy and sell 4 coins: Bitcoin, Ethereum, Bitcoin Cash, and XRP.
One of the most important events in the cryptocurrency industry happened in the first half of November. Payment company PayPal announced the opening of access to cryptocurrencies for US customers. Since November 11, all American users of the service have been able to buy, hold, and sell cryptocurrency directly through PayPal.
How did the bitcoin rate affect altcoins?
Altcoins are also showing growth. At the time of publication, the price of Ethereum, the second-largest cryptocurrency by capitalization, approached $620.
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