The price of the Bitcoin cryptocurrency reached a two-year high, exceeding $57 thousand in trading in Asia on Tuesday. This followed signs of intense institutional buying. At the same time, the price of the Ether cryptocurrency exceeded $3,200 for the first time in 2 years.
Bitcoin's price rose by more than 10% in two sessions. This was facilitated by the disclosure that software development company and part-time crypto investor MicroStrategy recently acquired about 3,000 bitcoins worth $155 million.
The largest cryptocurrency by market value recently received a boost from the US approval of exchange-traded funds (ETFs) that hold Bitcoin. Trading volumes rose sharply in several funds on Monday, and cryptocurrency-related companies also rose, in contrast to more jittery markets.
At the time of writing, the price of Bitcoin has decreased slightly and is about $56 thousand.
Source: Reuters
The competition for ITS authors continues. Write an article about the development of games, gaming and gaming devices and win a professional gaming wheel Logitech G923 Racing Wheel, or one of the low-profile gaming keyboards Logitech G815 LIGHTSYNC RGB Mechanical Gaming Keyboard!