The price of bitcoin exceeded $ 50 thousand for the first time since May

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The price of bitcoin exceeded $ 50 thousand for the first time since May

25.08.2021 News

The value of bitcoin reached $ 50,000 on August 23. The last time cryptocurrency was traded at this level was on May 15.

According to Coinmarketcap, which compares the data of the largest exchanges, bitcoin exceeded 50.1 thousand, rising by 2.6 percent per day. Other cryptocurrencies are also growing: Ethereum, Binance Coin, XRP and others.

The value of bitcoin in April for the first time in history exceeded 65 thousand dollars and began to decline. In July, its price fell below 30 thousand and began to rise again. In late July, statements by Elon Mask and Amazon news supported the bitcoin exchange rate.

The growth of the entire market in August was due to the upgrade of the Ethereum network, on which a large number of cryptocurrencies are built.

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