RATE Group | Bitcoin price news: What is the price of bitcoin today? Why is BTC rising? | City & Business | Finance
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Bitcoin price news: What is the price of bitcoin today? Why is BTC rising? | City & Business | Finance

31 May Bitcoin price news: What is the price of bitcoin today? Why is BTC rising? | City & Business | Finance

Posted at 03:11h in Bitcoin News by

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Bitcoin has seen a jump in prices this morning amid a significant change in opinion from eastern countries that could alter the future course of the cryptocurrency. 

Prices leapt by more than 5.6 percent today, in a positive turn for the digital token. 

At the time of writing, BTC is currently trading at $7,540.02.

The rest of the cryptocurrency market has seen a significant boost across the board today with Ethereum jumping nearly 10 percent to trade at $572.80.

Ripple rose 11.23 percent to trade at $0.620540 and Litecoin increased to sell for $121.24

Why is BTC rising? 

The bump in price comes as China’s president Xi Jinping endorsed the potential that blockchain technology has to global economies. 

President Xi Jinping spoke to an annual academic conference in the Chinese Academy of Sciences this week to discuss the potential of blockchain technology.

During the speech, the president noted blockchain is crucial to the development of nations in the 21st century and he hopes China…

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