Bitcoin’s course rose by three percent over the past day by setting a new local record. For the first time since mid-May 2021, the most popular cryptocurrency in the world cost more than 56 thousand dollars, according to Binance Exchange.
The maximum price for 24 hours amounted to 56.1 thousand dollars. Bitcoin Route from the beginning of October and by October 8, it grown almost 30 percent. The market capitalization of cryptocurrency amounted to 1.05 trillion dollars. By the time of publication, the price of Bitcoin’s price fell to 55.3 thousand dollars.
On a sharp rise in the value of the tokeny could affect the recent decision of the Securities and US Exchange Commission (SEC) regarding the Volt Bitcoin Revolution ETF Exchange Fund. The regulator approved the work of the organization for the sale of retail investors of the shares of companies that keep a significant part of cryptocurrency on their balance sheets.
During the bidding on October 6, Bitcoin’s course rose more than nine percent per day and at the peak reached 55.5 thousand dollars. CEO of the analytical company Cryptoquant Key Yen Ju explained the rise in price by huge deals of large holders, the so-called “whales” – unknown persons in five minutes bought bitcoins by 1.6 billion dollars.
Bitcoin’s course recovered after the decision of the China People’s Bank to prohibit all transactions related to cryptocurrent. The Chinese Central Bank reported on September 24, after which the Bitcoin rate fell by 9.3 percent, to $ 40,908.