The bitcoin rate has grown by 5% in the last 24 hours and by 2% in an hour, as a result, exceeding the level of $ 14,000.
Bitcoin exchange rate exceeded $ 14,000 for the first time since January 2018
In this way, he managed to overcome the highs of 2019 and for the first time reach the levels at which he last traded in January. Of 2018. Then the cryptocurrency dropped from their historical highs around $ 20,000, and now rising, after markets collapsed in March. Growth from minimum points this year amounted to 260%. Today’s values correspond to a 33-month high.
Earlier on this week bitcoin was already close to surpassing the peak of June 2019 above $ 13 880, but rolled back along with world markets. Wherein cryptocurrency managed to hold above $ 13,000 while gold hit a monthly low of around $ 1,860. At the same time, the stock market experienced its worst week since March.
The sentiments of crypto market participants in recent months have been supported by announcements of public companies to buy bitcoin as a reserve asset. When MicroStrategy made its first such announcement on August 11 of a $ 250 million investment in Bitcoin, the cryptocurrency rate was around $ 11,500.
As of 01:23 PM Moscow time, Bitcoin is showing increased volatility. From a peak of $ 14,100, its rate fell back to $ 13,543, from where it bounced back to $ 13,766.
According to the ByBt platform, the volume of liquidations on margin positions on the major derivatives exchanges in the last hour was $ 100 million, with both short and late long positions affected..
Note that the bulls decided to increase the pressure on bitcoin price on the day of the twelfth anniversary of the publication of his white paper, in this way joining in congratulations to Charlie Sheen and the others. Closing today above $ 13,837 would mark the highest monthly candle close in the history of the first cryptocurrency.
Altcoins continue to lag slightly behind bitcoin, but generally stay in the green, whereas tended to decrease during recent similar movements.
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