Bitcoin exchange rate exceeded $48.5 thousand.

Over the past 24 hours, the first cryptocurrency rose in price by 7%. During the last week, it twice unsuccessfully tried to overcome the mark of $48 thousand.

Bitcoin exchange rate exceeded $48.5 thousand.

On Friday, August 20 bitcoin rate on the cryptocurrency exchange Binance increased by 6% and for the first time since May 16, exceeded $ 48.5 thousand. The capitalization of the first cryptocurrency again reached $ 900 billion with daily trading volumes of $ 36.8 billion, according to CoinGecko.

Today, bitcoin value began to rise strongly after the first public cryptocurrency exchange Coinbase announced plans to buy the cryptocurrency for $500 million. The company will also invest 10% of profits in digital assets. In addition to bitcoin, the trading floor will own Ethereum, assets on the Proof of Stake protocol, DeFi tokens and other coins available for trading on Coinbase.

It also became known that investment firm BlackRock. which has $9 trillion in assets under management, has acquired stakes in two miners: Marathon Digital Holdings and Riot Blockchain. The total amount of funds invested in both companies was $382.9 million. In early August, Fidelity Group and Vanguard Group reported stakes in the mining companies.

Over the last week, the rate of bitcoin twice attempted to overcome the mark of $48 thousand, then there was a rollback. The value of the first cryptocurrency reached $48 thousand on August 16, after which it fell below $44 thousand for the next three days, which was the start of the last wave of growth.

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