Bitcoin value rises to its highest level in a year

Recent announcements about financial product projects backed by this cryptocurrency have boosted the bitcoin price in recent sessions.

Its price soared more than 4% on Friday to $31,410.93, its highest level since June 2022.

When the best known of the cryptocurrencies was born in October 2009, it was listed at $0.00076.

Since then it has experienced strong volatility, reaching almost $69,000 in November 2021, but with a sharp drop also in 2022.

The cryptocurrency market as a whole currently has an approximate value of 1,235 trillion dollars, of which almost 50% corresponds to bitcoin, according to the CoinGecko website, which performs an evolution of almost 1,000 cryptocurrencies.

“The cryptocurrency market continues to vibrate at the idea of ​​a bitcoin-linked financial product in the United States,” which would allow investors to bet on the virtual currency as a regulated financial product, said Edward Moya, an analyst at Oanda.

The world’s first asset manager, BlackRock, filed a request to that effect with the US market watchdog, the SEC, in mid-June.

That initiative reassured investors, as cryptocurrency reporting recently focused on SEC warnings against trading platforms, dedicated to buying and selling crypto assets.

FUENTE: With information from AFP

California18

Welcome to California18, your number one source for Breaking News from the World. We’re dedicated to giving you the very best of News.

Leave a Reply