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.