The value of the bitcoin cryptocurrency on August 23 briefly exceeded the $ 50 thousand mark for the first time since mid-May. This is evidenced by the data trades on Binance, the largest digital currency exchange by volume.
According to the exchange, bitcoin as of 05:42 Moscow time rose in price by a little more than 2.5% – to over $ 50 thousand. But soon the exchange rate decreased and was in the region of $ 49.9-49.8 thousand.
At the same time, according to the portal CoinMarketCap, which reads the average price of a currency on more than 20 exchanges, bitcoin has risen in price by 2.33% per day – to $ 49,915.
The cryptocurrency exceeded the $ 50 thousand mark for the first time since May 15 of this year.
Bitcoin price continues to recover after a sharp drop in late spring. So, on Sunday, August 8, the cost of bitcoin exceeded $ 45 thousand for the first time since mid-May.
In April, the value of bitcoin set a new all-time high of $ 62.7 thousand. This happened after Tesla, a company of American entrepreneur Elon Musk, announced an investment of $ 1.5 billion in this cryptocurrency.
Musk himself said on May 22 that he prefers cryptocurrency over classic cash. Shortly before that, he called the Dogecoin cryptocurrency “a potentially promising project.”
At the same time, the Bitcoin exchange rate has recently been influenced by the mining ban in China. June 18 People’s Bank of China banned financial institutions from doing business related to virtual currency, and also warned investors against speculative cryptocurrency trading, CNBC reported.
The crypto-fiat pair BTC / USD can be called the main one in the cryptocurrency market. Bitcoin, which only appeared in 2009, has grown to be the largest cryptocurrency in terms of market capitalization and value over the past decade.