Bitcoin continues to rise in price on Thursday February 15th 2018, reaching 9.7 thousand dollars.
The most popular cryptocurrency in the world, bitcoin, continues to rise on Thursday, reaching 9.7 thousand dollars, according to the data of the auctions.
According to the portal CoinMarketCap, bitcoin grew in price by 11%, up to 9.773 thousand dollars during the morning trading period. At the Bitfinex exchange, the value of the cryptocurrency increased by 10.4%, to 9.711 thousand dollars, on OKEx - by 11.4%, to 9.682 thousand dollars. And according to the portal Coindesk, bitcoin increased by 2.7%, to 9.736 thousand dollars.
Other major cryptocurrencies also grew in value. Ethereum increased by 8.6%, to 937.99 dollars, Ripple - by 9.9%, to 1.16 dollars, Bitcoin Cash - by 6.8%, to 1365.78 dollars, according to the data of CoinMarketCap. The market capitalization of the Cryptocurrency, according to CoinMarketCap, is currently 471.57 billion dollars. The market share of bitcoin at the moment is approximately 35% of the whole market of cryptocurrencies, Ethereum - 19%, Ripple - 10%.
After a sharp drop in price during the previous week all the way down to 6 thousand dollars, bitcoin remained steady at around 8 thousand, and now it recovered significantly and grew in price, approaching 10 thousand dollars.
According to analysts from the CNBC channel, the next technical mark is 11 thousand dollars. Such a level, according to the Bespoke Investment Group analysts, is the pinnacle of a longer downward trend, and experts believe that this resistance break will be necessary. The channel rationalizes the dynamics of the cost of bitcoin with increasing interest from new investors.
Investors continue to digest news from South Korea. On Wednesday, the channel reported that the government of South Korea plans to pay attention to transparency of trade in the cryptocurrency arena and does NOT intend to prohibit digital money. South Korea also plans to develop ways of taxing cryptocurrencies.
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