RATE Group | Bitcoin (BTC), cryptocurrency prices rise as halving approaches
87729
post-template-default,single,single-post,postid-87729,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin (BTC), cryptocurrency prices rise as halving approaches

08 May Bitcoin (BTC), cryptocurrency prices rise as halving approaches

Posted at 06:28h in Cryptocurrency News by

Mehmet Ali Ozcan | Anadolu Agency | Getty Images

A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors.

Bitcoin crossed $10,000 on Friday morning Singapore time, the first time it has hit that price since February, according to data from CoinDesk. The cryptocurrency had pared some of those gains and was trading around $9,900.75 as of 1:39 p.m. Singapore time, still representing a more than 6.4% rise from the day before. 

The entire market capitalization or value of the cryptocurrency market had jumped by more than $13 billion from the day before, as of around 1:39 p.m. Singapore time. That move had been largely driven by bitcoin which makes up most of that figure. The value of the entire market stood at $268.07 billion. 

Industry participants said that a number of factors — from supportive central bank monetary policy to increased interest…

Source link

Tags:
, , , , , ,