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Saturday 20 May 2017

The bitcoin rate exceeded $1900 for the first time

On Friday, the bitcoin rate for the first time exceeded $1,9 thousand against the backdrop of global political uncertainty. Since Monday, the market capitalization of bitcoin has increased by $4 billion - up to $31.8 billion, while on April 25 it was $20.6 billion.
According to Coindesk, bitcoin went up on Friday to $1951.87.
Demand for crypto-currencies in Japan and South Korea had a significant impact on bitcoin dynamics. Trading volumes of bitcoin paired with the Japanese yen and the South Korean won have increased, now they account for 48.6% of the total volume of operations, according to data from the site CryptoCompare.
Recently, Japan passed a law allowing retailers to take bitcoin as a legitimate means of payment, which spurred the growth of operations with the crypto-currency. At the same time bitcoin to yen is more expensive than with a direct exchange for dollars: on Friday - 228.78 thousand yen, or about $2058.

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