The value of the first cryptocurrency has updated the maximum since mid-May. Over the last month the asset went up by 71%
On Monday, August 23 the rate of bitcoin on the cryptocurrency exchange Binance exceeded $50 thousand for the first time since mid-May. At that moment, bitcoin quotes reached $50,39 thousand and as of 9:50 Moscow time, bitcoin was trading at $50.1 thousand. Over the past 24 hours, bitcoin gained 1.9%.
The last wave of growth in value of the asset began on July 21, when it updated the local minimum at $ 29.4 thousand. Since then, the cryptocurrency price rose by 71%. Bitcoin is moving towards the historical maximum of $64.8 thousand, which was set on April 14 this year.
The market capitalization of the first cryptocurrency is $940 billion with daily trading volumes of $32.4 billion, according to CoinGecko. The total valuation of the crypto market again exceeded $2.2 trillion, it has grown by 2.7% in the last 24 hours.
Latest news:
New Highs. What will happen to the crypto market next week
Investment idea: how to make money on shares of Coinbase cryptocurrency exchange
“Don’t Overestimate.” In which altcoins Coinbase invests
The post was written by Crypto Expert John Belford
