Bitcoin rallies above $ 3,500 from

© Reuters. – Cryptocurrency prices increased Tuesday, soared to $ 3,500, just a year after reaching nearly $ 20,000.

Bitcoin rose 3.5% to $ 3,539.60 in the Index, at 9:07 ET ET (14:07 GMT).

Still, Bitcoin is down nearly 75% from its all-time high one year ago. Digital coins have fallen dramatically in recent weeks, as traders fear more regulatory control and volatility.

The cryptocurrencies were overall higher, with a total market capitalization of currencies of $ 112 billion at the time of writing, compared to $ 108 billion on Monday.

, or Ether, rose 5% to $ 94.66 and was $ 29.20, up 3.9%, while it rose 12% to $ 0.33607.

Despite the long-term fall in encrypted prices, the blockchain seems to be flourishing. Job opportunities in the sector are booming, with 33% more published in 2018 compared to the previous year, according to the Report on Emerging Jobs of LinkedIn 2018.

"It is not surprising that we are witnessing an explosion of machine learning roles and the continued growth of data science roles … It might also not surprise you that Blockchain Developer is at the top of the list after the increase of interest to Blockchain and Criptovaluta of this year "the report states.

In other news, China is creating its own digital currency. The People's Bank of China has registered 78 virtual currency patents since 2016, according to Bloomberg. The central bank has also hired developers and economists for its Digital Currency Institute, created to issue a blockchain-based currency. The government also wants to not only monitor the transactions of its citizens, but it will also force the banks to share data on borrowers before authorizing any transaction, according to Bloomberg. The central bank would also be able to prohibit any financial company from dealing with companies on a blacklist, according to the patents reviewed by Bloomberg.

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