Bitcoin Price Continue To Rise, Increased By 5% To $49,262

Bitcoin has continued to regain its strength in the cryptocurrency market. At the end of Friday trading, the unit value of the world most popular cryptocurrency increased by more than 5% an hit $49,106 mark. After that, the bitcoin rate dropped slightly then rose again and at the time of publication, the cryptocurrency was trading at $49,262 per unit.


It would be recalled that relative to the annual low of the bitcoin price of $ 27,734, which took place on January 4, the cryptocurrency rose by 77.4%.

Recall that in April of this year, a historical maximum of the value of bitcoin was set. Then, per unit of cryptocurrency gave about $ 62,700. This was facilitated by the investment of Tesla, owned by Elon Musk, which invested $ 1.5 billion in cryptocurrency. Later, the bitcoin rate fell and was no longer close to a record level.

Other Cryptocurrencies Too Are Rising

Last week, the success of Bitcoin and some other cryptocurrencies contributed to the fact that the capitalization of the cryptocurrency market again exceeded $ 2 trillion. At that time, not only Bitcoin showed good results, but also Ethereum, Binance Coin, XPR and Dogecoin.

Also, a slight increase – by 3.03% – ended the week for the second most popular cryptocurrency Ethereum. According to the results of Friday trading for one “ether” gave $ 3,281; which is $ 96.64 more compared to the rate of the previous day.

Dogecoin gained 12.5% ​​in a day and is now worth $ 0.325. Dogecoin capitalization is $ 42.5 billion. This week, Ethereum creator Vitalik Buterin and spokesman Ilona Musk publicly endorsed Dogecoin by becoming advisers to the Dogecoin Foundation.

Avalanche (+ 135%), Arweave (+ 80%), Audius (+ 80%), Terra (+ 67%), Fantom (+ 49%) added the strongest in the last 24 hours.


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