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The oldest and best known cryptocurrency is currently on the rise. Those in the know give several reasons for this.
As of December 2017, Bitcoin had reached its all-time high of around $ 20,000.
REUTERS
Bitcoin is still flying high. On Friday, the oldest and most well-known cryptocurrency on the Bitstamp trading platform rose to over $ 15,700.
This is the highest level since January 2018. A few weeks earlier, in December 2017, Bitcoin had reached its record high of around $ 20,000. Then it crashed drastically.
Good mood on the stock markets
Other internet currencies have also gained in value recently. Experts give several reasons for this, including the announcement by the payment service provider PayPal that it will allow its customers to use digital currencies. The current good mood on the equity markets is also benefiting risky investments like Bitcoin.
Furthermore, the topic of cryptocurrencies is currently being discussed more and more at the level of central banks. For example, the European Central Bank (ECB) is considering the possibility of introducing a “digital euro”. However, monetary authorities are extremely critical of non-state digital currencies such as Bitcoin.
(SDA)
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